Review of Studies of the Economic Impact of the September 11, 2001, Terrorist Attacks on the World Trade Center
Identifies and reviews several key studies of the economic impact of the Sept. 11, 2001, terrorist attacks on the World Trade Center buildings in N.Y. City, which caused enormous destruction. Eight studies from 7 different organizations were identified as being the most comprehensive studies available on the economic impact of the attacks: N.Y. City Office of the Comptroller; N.Y. Governor and State Div. of the Budget; N.Y. City Partnership and Chamber of Commerce; Fiscal Policy Institute; N.Y. State Senate Finance Committee; Miliken Institute; and N.Y. State Assembly Ways and Means Committee. In addition, recent studies by the Federal Reserve Bank of N.Y. and the N.Y. City Independent Budget Office include updated information on some of the economic impacts.
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$54 billion estimate Account-bully Accounting for Major addition April 18 baseline forecast best available information budget ofﬁce budget office estimated Carolyn Maloney Charles Rangel cleanup closed or cut Comptroller comptroller’s office estimated cont’d economic impact economic slowdown economic stimulus effects eight studies Enron estimated losses Estimates of Losses example Federal Affairs Federal Recovery Plan Federal Reserve Bank Fiscal Policy Institute ﬁscal year 2003 Govemor’s House of Representatives identiﬁed indirect losses Jerrold Nadler jobs lost John LaFalce Losses and Payments Maurice Hinchey Methodology Milken Institute national or regional Nita Lowey NY-Renew America plan ofﬁce’s ofﬁcial Payments or Gains Rebuild NY-Renew America reﬂecting regional perspective Representatives The Honorable revenue forecast Senate Finance Committee September 11 state’s study estimated tax revenue losses terrorist attacks Trade Center Attacks Trade Center buildings World Trade Center York City Independent York City Ofﬁce York City Partnership York Governor York State Assembly York State Senate
Page 43 - Smart Defense," TomPaine.com, May 18, 2006. 23 Review of Studies of the Economic Impact of the September 11, 2001, Terrorist Attacks on the World Trade Center (Washington, DC: Government Accounting Office, May 29, 2002).
Page 50 - We will also make copies available to others upon request. In addition, the report will be available at no charge on the GAO Web site at http://www.gao.gov. If you have any questions about this report, please contact me at (202) 5122834 or email@example.com.
Page 1 - States, the seeming irreversibility of public cynicism was called into question in the aftermath of the September 11, 2001 terrorist attacks on the World Trade Center in New York City and the Pentagon in Washington, DC.
Page 7 - Americans like to say that the world changed as a result of the September 1 1, 2001, terrorist attacks on the World Trade Center and the Pentagon.
Page 45 - National Governors' Association and National Association of State Budget Officers, The Fiscal Survey of States (Washington, April 1993), p.
Page 16 - The Employment Impact of the September 11 World Trade Center Attacks - Updated Estimates Based on the Benchmarked Employment Data, Fiscal Policy Institute.
Page 16 - The employment impact of the September 1 1 World Trade Center attacks: Updated estimates based on the benchmarked employment data.
Page 5 - As agreed with your offices, unless you publicly announce this letter's contents earlier, we plan no further distribution of it until 7 days after the letter date.
Page 13 - Lost employee income and business profits associated with firms closed or cut back, temporarily or permanently, because office space and infrastructure were destroyed or damaged; • Lost employee income and business profits associated with other firms that depended on those that closed or cut back; , • Spending reductions from other income losses triggered by the firms that closed or cut back; • « • Fiscal impacts such as reduced tax revenues; and • Delays to travelers and commuters.