Superstorm Sandy caused at least $29.4 billion in overall damage in New Jersey, according to a preliminary analysis released by Governor Chris Christie's office Friday.
The estimate of the damage caused by the storm, which ravaged the Northeastern U.S. coastline late last month, includes personal property, business, infrastructure and utility damage, Christie said in a statement.
The statement said the preliminary cost estimate is "inclusive of aid received to date and anticipated from federal sources," including the Federal Emergency Management Agency and the Small Business Administration. Christie said it was a "conservative and responsible estimate" that could be revised higher, Christie said.
Read more: http://www.reuters.com/article/2012/11/24/us-storm-sandy-costestimate-idUSBRE8AN01920121124
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