Cuomo: Sandy cost NY, NYC $32B in damage and loss
|By MICHAEL GORMLEY, Associated Press|
The cost is for repairs and restoration and 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.
Hard times were already facing the state and city governments that were staring at deficits of more than
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.
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