AP News

Mayor: NYC expects to recoup its Sandy expenses


NEW YORK (AP) — Mayor Michael Bloomberg says he expects that all of New York City's $4.5 billion in Superstorm Sandy expenses will be covered by federal aid.

Bloomberg discussed the Oct. 29 storm and its effect on the city's finances Tuesday as he unveiled his budget plan.

He says the $4.5 billion figure includes emergency public services and damages to public infrastructure.

Sandy has been a big question mark in the city's financial picture.

Bloomberg says city officials are grateful for Congressional action on funding.

He says it also will help make New York City more storm-resilient in the future.


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus