NJ's Damage From Sandy Nearly $37B

New Jersey Governor Chris Christie said on Wednesday that his state needs $36.8 billion in federal aid for Sandy recovery — that includes $7.4 billion in mitigation projects.

The governor made the announcement in Trenton on Wednesday.

Christie is requesting that amount, which is greater than his state's entire budget, from the federal government.

He said more than 30,000 homes or businesses were destroyed or sustained substantial damage from last month's storm.

Earlier in the week, New York Governor Andrew Cuomo said he will push for $42 billion in federal aid for the state.

Here's the breakdown of New Jersey's request: 

Hurricane Sandy Repair & Response Cost ($ in Millions):

Government Response and Repair                        

 

$529.4

Individual Assistance               

$702.7

 

Housing    

$4,921.2

 

Business                                                                               

$8,319.1

 

Health                                                                                   

$291.8

 

Labor                                                                                    

$760.1

 

Schools                                                                                

$2.6

 

Transit, Roads and Bridges                                                    

$1,351.0

 

Parks and Environment                                                          

$5,526.5

 

Water, Waste and Sewer                                                        

$3,012.7

 

Government Operating Revenue                                              

$95.0

 

Other Local Government Revenue & Road

$737.5

Other Local Education

$125.0

Atlantic City / CRDA

$312.7

Port Authority

$1,000.0

Utilities – Gas & Electric

$1,797.3

Total Repair and Response Costs

$29,484.6

 

Additional Mitigation and Prevention Costs:                      $7,422.7

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OVERALL DAMAGE ASSESSMENT TOTAL:                          $36,907.3