Natural Disasters

NY's Cuomo Puts Tab for Sandy at $33B

A big price tag for a big storm

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Damage in New York state from Superstorm Sandy could total $33 billion when all is said and done, Gov. Andrew Cuomo said Thursday as the state began cleaning up from a nor'easter that dumped snow, brought down power lines and left hundreds of thousands of new customers in darkness.

A damage forecasting firm had previously estimated that Sandy might have caused between $30 billion and $50 billion in economic losses from the Carolinas to Maine, including property damage, lost business and extra living expenses. Cuomo's estimate will likely pushes the bill even higher.