NYC to spend $500M to repair schools, hospitals

Mayor Michael Bloomberg also announced that the gas rationing has eased a fuel crunch in NYC

NEW YORK — New York City Mayor Michael Bloomberg has announced a $500 million emergency plan to pay for critical repairs to public schools and hospitals damaged by Superstorm Sandy.

The plan would allocate $200 million for the Department of Education and $300 million for the New York City Health and Hospital Corporation to repair extensive damage. The repairs would include structural restorations, new boilers, new electrical systems and roof repairs.

The city council will vote on the plan on Tuesday. Bloomberg says the city has already spent $134 million on storm-related emergency relief.

Bloomberg also says odd-even rationing seems to have eased the post-storm gasoline crunch in New York, but he's not sure when he'll lift the restriction.

The system began Friday in the city and on neighboring Long Island after Superstorm Sandy disrupted the metropolitan area's gasoline distribution network. New Jersey implemented the odd-even plan earlier and is ending it Tuesday morning.

The hours-long lines at New York City gas stations seem to have eased since the rationing began there. But Bloomberg says he's going to leave the system in place "for a while."

The mayor calls it "not that much of an inconvenience."