ABSTRACT

Letter to the Honorable Carolyn B. Maloney Regarding Appropriations to Assist New York City Following the September 11, 2001 Terrorist Attacks   [open pdf - 63KB]

This letter and the attached tables provide the information on enacted funding for assistance to the city of New York, as outlined in my letter of October 11, 2002. Of the almost $65 billion in budget authority enacted through the three emergency supplemental appropriations acts dealing with recovery from and response to terrorist attacks on the United States (Public Laws 107-38, 107-117, and 107-206), $15.7 billion was provided for assistance to the city of New York. In addition, CBO and the Joint Committee on Taxation estimate that businesses and individuals in New York City will receive about $5 billion in tax relief over the 2002-2012 period under Public Law 107-147. Table 1 summarizes the appropriations for New York City, as well as the estimated revenue impact for Public Law 107-147. The above amounts exclude compensation to victims of the September 11 attacks--the majority of which will go to families who lost relatives in the attack on the World Trade Center.

Publisher:
Date:
2002-10-29
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov
Format:
pdf
Media Type:
application/pdf
URL:
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