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Letter to the Honorable Carolyn B. Maloney 1 (October 2002)

handle is hein.congrec/cbo9391 and id is 1 raw text is: October 29, 2002 Honorable Carolyn B. Maloney U.S. House of Representatives Washington, DC 20515 Dear Congresswoman: 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. Funds Appropriated for New York City Three emergency supplemental appropriations acts enacted in fiscal years 2001 and 2002 provided $15.7 billion in budget authority for assistance to New York City. The three acts, and the amount of assistance provided are: * The 2001 Emergency Supplemental Appropriations Act for Recovery from and Response to Terrorist Attacks on the United States (Public Law 107-38), which provided $1.9 billion, * The Department of Defense and Emergency Supplemental Appropriations for Recovery from and Response to Terrorist Attacks on the United States, 2002 (Public Law 107- 117), which provided $7.3 billion, and * The 2002 Supplemental Appropriations Act for Further Recovery from and Response to Terrorist Attacks on the United States (Public Law 107-206), which provided $6.4 billion.

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