Spin Cycle

News, views and commentary on Long Island, state and national politics.

Buried in New York’s push for billions of dollars in federal aid to rebuild from superstorm Sandy was this financial tidbit: For all its wallop, the storm didn’t really pummel state tax receipts.

“There hasn’t been a significant variance,” Gov. Andrew M. Cuomo said when asked what he gleaned from the weekly tax-receipt reports since the Oct. 29 storm. New York projects a $1 billion deficit when the fiscal year ends, a number that hasn’t changed.

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And while the White House $60 billion aid proposal for New York and New Jersey was about $19 billion less than requested, it was in the range officials said they expected.

(Meanwhile, repair estimates for LI are estimated to exceed $500 million, as reported here).

Photo: Spage’s Pharmacy in St. James carries on after superstorm Sandy took out electrical power, phone and the Internet. (Nov. 3, 2012)