Monday, November 26, 2012

Hurricane Sandy's Estimated Cost in N.J

New Jersey Governor Chris Christie estimated that damage caused by Hurricane Sandy could cost around  $29.4 billion in the state; however, that the estimate could increase as the damage is further evaluated and 2013’s tourism losses are considered.

While FEMA has over $8 million available in disaster relief funding, a spokeswoman from the organization told the Philadelphia Inquirer that it has not yet determined how the funds will be distributed to states affected by the storm. Since the storm, EMA has paid out around $248 million. According to the Associated Press, it has inspected 96 percent of the homes that it was requested to check.

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