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

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.

Copyright AP - Associated Press
Contact Us