The Cost of the Chaos: Blizzard of '10 Sets City Back $38M

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    NEWSLETTERS

    TK
    Getty Images
    NEW YORK, NY - DECEMBER 27: People walk through blowing snow in Manhattan's East Village December 27, 2010 in New York City. A blizzard pounded the East Coast of the United States delivering 20 inches of snow to New York City while snarling post-Christmas travel. (Photo by Mario Tama/Getty Images)

    Now that the dust has settled, officials are evaluating the cost of the blizzard that immobilized the city.

    The City is still crunching the numbers but officials estimate the city burned through its entire snow removal budget of nearly $40 million on the first snowstorm of the season.

    MTA officials say the December blizzard set back the MTA budget by about $30 million.

    The New York Times says that figure includes overtime expenses and lost ridership revenue for buses and trains run by the Metropolitan Transportation Authority.

    The state-run authority has been trying to reduce its overtime costs. However, the storm hit the day after Christmas, which was also a Sunday, forcing millions of dollars in worker overtime costs.

    Mayor Michael Bloomberg says the streets are cleared first, then the city figures out how it can shift the money.