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 $30 billion to $50 billion in economic losses from the Carolinas to Maine, including property damage, lost business and extra living expenses. Cuomo’s estimate will likely push the bill even higher.
A damage estimate of even $50 billion total would make Sandy the second most expensive storm in U.S. history, right behind Hurricane Katrina. Sandy inundated parts of New York City and New Jersey with a storm surge as high as 14 feet, killed more than 100 people and left more than 8.5 million people without power at its peak.
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