Bloomberg: $19B in public, private Sandy losses - Los Angeles News | FOX 11 LA KTTV

Bloomberg: $19B in public, private Sandy losses

Posted: Updated:
The homes along this Midland Beach neighborhood have piles of trash and belongings placed outside. (Nov. 2012) The homes along this Midland Beach neighborhood have piles of trash and belongings placed outside. (Nov. 2012)

NEW YORK (AP) - Mayor Michael Bloomberg estimates Superstorm Sandy caused a whopping $19 billion in losses in New York City. He's asking federal lawmakers to put up nearly $10 billion to reimburse both government agencies and private businesses.

The mayor's request Monday would come on top of a projected $5.4 billion from the Federal Emergency Management Agency.

Bloomberg says that money, and private insurance, won't cover all the public and private expenses from the storm. They could range from rebuilding roads to reimbursing a restaurant for lost business while power was out.

States typically get 75% FEMA reimbursement for disaster recovery. Congress sometimes authorizes additional aid.

The request comes as Congress and the White House face a Dec. 31 deadline to craft a sweeping deficit-reduction plan and avoid the so-called "fiscal cliff."

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Manhattan NewsManhattan NewsMore>>

  • Official: NYPD body cameras are 'win-win'

    Official: NYPD body cameras are 'win-win'

    Thursday, August 21 2014 9:02 PM EDT2014-08-22 01:02:35 GMT
    Public Advocate Letitia James says a 3-ounce camera, if used correctly, could be a key tool in improving community and police relations. She showed off one of the cameras she believes NYPD patrol officers need to be wearing. She said that the cameras would be a "win-win" for the public, transparency, police accountability improving police community relations, reducing civil liability.
    Public Advocate Letitia James says a 3-ounce camera, if used correctly, could be a key tool in improving community and police relations. She showed off one of the cameras she believes NYPD patrol officers need to be wearing. She said that the cameras would be a "win-win" for the public, transparency, police accountability improving police community relations, reducing civil liability.
  • Pediatric cancer awareness

    World Trade Center to go gold

    World Trade Center to go gold

    Thursday, August 21 2014 8:48 PM EDT2014-08-22 00:48:12 GMT
    Like so many teenagers, Shelby Huff was hung up on getting abs until one day two years ago when she realized looking good was not as important as feeling good. She was doing sit-ups when suddenly she developed huge bruises on her legs. Shelby was diagnosed with a deadly bone marrow disease.
    Like so many teenagers, Shelby Huff was hung up on getting abs until one day two years ago when she realized looking good was not as important as feeling good. She was doing sit-ups when suddenly she developed huge bruises on her legs. Shelby was diagnosed with a deadly bone marrow disease.
  • Manhattan fire hydrant earns more money than average American

    Manhattan fire hydrant earns more money than average American

    Thursday, August 21 2014 4:18 PM EDT2014-08-21 20:18:03 GMT
    One Manhattan fire hydrant has turned into a cash cow for the city.It's become a celebrity in revenue generator and it does not ask for sick days, gets no health benefits, and no 401(k). Yet it brings in tens of thousands of dollars for the city each year.The old hydrant is so notorious, it's got a personalized sign.. It sits across from 152 Forsyth St. and is a local legend.In just an eight month period the hydrant has caused drivers to get hundreds of tickets.The issue that catches drivers ...
    One Manhattan fire hydrant has turned into a cash cow for the city.It's become a celebrity in revenue generator and it does not ask for sick days, gets no health benefits, and no 401(k). Yet it brings in tens of thousands of dollars for the city each year.The old hydrant is so notorious, it's got a personalized sign.. It sits across from 152 Forsyth St. and is a local legend.In just an eight month period the hydrant has caused drivers to get hundreds of tickets.The issue that catches drivers ...
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices