Long Beach, N.Y., a coastal Long Island city that lost its boardwalk to Superstorm Sandy, is getting more federal help than previously estimated to rebuild.

The federal government will cover 90%, or about $180 million, of Long Beach’s storm-related expenses, city manager Jack Schnirman told the city council Tuesday night. The Federal Emergency Management Agency increased the coverage from 75% because of the size of Long Beach’s expenses, according to Schnirman, who said he got the news from U.S. Senator Charles Schumer, D, N.Y, in the past week. The city now expects to have to pay 5% to 10% of the costs, or $10 to $20 million, depending on how much the state kicks in, Schnirman said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.