Streams

NJ's Damage From Sandy Nearly $37B

Wednesday, November 28, 2012

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

______________________________________________________

OVERALL DAMAGE ASSESSMENT TOTAL:                          $36,907.3

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Comments [1]

Aram Friedman from NYC

Is there anything in Christie's request for federal funds to build the train tunnel to Manhattan that he canceled? Has anyone calculated how much income was lost when the current 100 year old tunnel flooded? Don't be fooled by his false sincerity, he has his eye on running for president in 2016 and will say and do anything to look good.

Nov. 28 2012 04:44 PM

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