Many Feds Face Furloughs Twice
Lawmakers Push Retroactive Furlough Pay
How Long Has the Shutdown Lasted?
In Focus: Who Faces Furloughs?
No TSP Contributions During a Shutdown
How Contractors Might Weather a Shutdown
Bloomberg wants $9.8 billion in NYC Sandy aid
- By Billy House
- National Journal
- November 27, 2012
- Comments
Felipe Dana/AP file photo
New York City Mayor Michael Bloomberg on Monday released his request for federal aid for recovery from Hurricane Sandy, writing in a letter to the New York congressional delegation that public and private losses to his city will total about $19 billion.
“After subtracting private insurance of $3.8 billion and [Federal Emergency Management Agency] reimbursement of $5.4 billion, the net cost to repair the damage caused by Hurricane Sandy will be approximately $9.8 billion,” writes the mayor.
“Therefore I am requesting your assistance in securing supplemental and expedited funding for the City of New York,” said Bloomberg. “Federal legislative action will be required to address the budget gap that will result once available FEMA funds and insurance proceeds are drawn down.”
Bloomberg’s letter is accompanied with a chart breaking down the estimated needs; he notes that some of the expenses that have or will be incurred are ineligible under FEMA such as hazard mitigation, long-term housing solutions, and shoreline restoration and protection.
“After subtracting private insurance of $3.8 billion and [Federal Emergency Management Agency] reimbursement of $5.4 billion, the net cost to repair the damage caused by Hurricane Sandy will be approximately $9.8 billion,” writes the mayor.
“Therefore I am requesting your assistance in securing supplemental and expedited funding for the City of New York,” said Bloomberg. “Federal legislative action will be required to address the budget gap that will result once available FEMA funds and insurance proceeds are drawn down.”
Bloomberg’s letter is accompanied with a chart breaking down the estimated needs; he notes that some of the expenses that have or will be incurred are ineligible under FEMA such as hazard mitigation, long-term housing solutions, and shoreline restoration and protection.
Research Report: Powering Continuous Monitoring Through Big Data
Nextgov Prime - The Most Powerful Moment in Federal IT
Get the Future of Defense Directly In Your Inbox
Sponsored
Social Business: The Power of Delivering Exceptional Customer Experiences
MOST COMMENTED
JOIN THE DISCUSSION
By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although GovExec.com does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.
