NY official says Sandy damage could exceed $18bn

NY official says Sandy damage could exceed $18bn

PanARMENIAN.Net - New York's state comptroller says the cost of superstorm Sandy could exceed $18 billion in New York alone, according to The Associated Press.

Comptroller Thomas DiNapoli pegged the toll at $15 billion to $18 billion in public and private sectorlosses based on past storms, but that total could easily grow.

DiNapoli, a Long Island native, said Friday, Nov 2, the state is also losing untold dollars in taxes at a time when revenue is already running nearly $500 million under projections.

The state budget due in April had been projected to show a $1 billion deficit before Sandy hit.

Gov. Andrew Cuomo and legislative leaders announced Friday they'll approval a $100 million fund to help Sandy victims rebuild.

 Top stories
Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert.
On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit.
Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin.
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
Partner news
---