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Cuomo's administration says Hurricane Sandy wreaked damages of over $50 billion in the New York region.
Cuomo is requesting $30 billion in federal aid to help clean up the damage wrought by Hurricane Sandy, according to top officials in his administration.
The New York Governor's administration estimated that the storm caused over $50 billion in damages across the state.
He is asking for $3.5 billion to repair the bridges and public transportation systems; $1.65 billion for damaged or destroyed homes and apartment buildings; $1 billion to pay back local governments for police and firefighter overtime; and several more billion dollars in grants and loans to help affected businesses, the New York Times reported Monday.
“This is a staggering number, especially with the financial situation we have been in,” Cuomo said at a news briefing in Manhattan November 8, Bloomberg Businessweek reported.
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The state was already having fiscal troubles before the storm hit: Cuomo's administration projected a $1 billion state deficit for the fiscal year with a $132 billion government budget, the Associated Press reported.
The storm damage and repairs is expected to raise that deficit further, the AP reported.
President Barack Obama is scheduled to visit New York City on Thursday to check in on the recovery efforts, New York 1 reported.
Over 125,000 Con Edison customers still did not have power as of Sunday, the New York Times reported. More than 317,000 people registered for financial help from FEMA, and the agency has already approved over $300 million in emergency aid, CNBC reported.
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