X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
This May 12, 2014 photo shows a house in the Ortley Beach section of Toms River, N.J. in much the same condition as it was the day after Superstorm Sandy. (AP Photo/Wayne Parry)

The federal government plans to distribute $2.5 billion to N.Y., N.J., and cities affected by Superstorm Sandy in the third and final round of a flexible grant program, reports The Star-Ledger. Nearly $882 million has been earmarked for N.J.; $606 million for N.Y. state; and $994 million for New York City. Connecticut and Rhode Island will also receive more aid.

N.J. lawmakers are questioning why N.Y. has received more than twice the amount of aid than their state. According to The Star-Ledger, in the first two rounds of funding, the federal government has allocated nearly $3.3 billion for N.J. and more than $7 billion for N.Y. and New York City. N.J. officials told The Star-Ledger nearly $18 billion in unmet needs for housing, economic development, and infrastructure will remain after the second round of funding is spent.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.