Cuomo: Sandy cost NY, NYC $32B in damage and loss
|By MICHAEL GORMLEY, Associated Press|
That figure for repairs and restoration does not include an additional accounting of over
"It's common sense; it's intelligent," Cuomo said. "Why don't you spend some money now to save money in the future? And that's what prevention and mitigation is."
"It would incapacitate the state. ... Tax increases are always a last, last, last resort."
Cuomo met with
States typically get 75 percent reimbursement for the cost of governments to restore mass transit and other services after a disaster.
The most basic recovery costs for roads, water systems, schools, parks, individual assistance and more total
Hard times were already facing the state and city governments that were staring at deficits of more than
"Make no mistake, this will not be an easy task, particularly given the impending fiscal cliff, and a
"It really is survival," King said. "This is an emergency. This should be separate of all the debate about the fiscal cliff and everything else."
The Cuomo administration has gained the public support of President
In the city, Bloomberg is asking federal lawmakers to put up nearly
"While the impact of the storm will be felt for some time and the challenges are great, I am confident that the city will rebound and emerge stronger than ever," Bloomberg wrote to the congressional delegation.
Reinsurance firms provide coverage to insurance companies for great losses stemming from events like natural disasters.
Other states are seeking federal assistance, too.
|Copyright:||(c) 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.|