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Letter to the Honorable John M. Spratt Jr. 1 (August 2002)

handle is hein.congrec/cbo9392 and id is 1 raw text is: August 29, 2002 Honorable John M. Spratt Jr. Ranking Democratic Member Committee on the Budget U.S. House of Representatives Washington, DC 20515 Dear Congressman: As you requested, the Congressional Budget Office has prepared a summary of federal costs associated with the tragic events of September 11, 2001. This information is presented in the attached tables and is based on an analysis of enacted legislation, the President's budget request for fiscal year 2003, and legislative proposals considered in the House of Representatives. Legislation Enacted in Response to September 11 As shown in Table 1, CBO estimates that legislation enacted to date in response to September 11 increased spending in 2001 by about $3 billion and reduced revenues by $0.5 billion. In 2002, we estimate a spending increase of $34 billion and a net revenue decrease of $0.2 billion. In total, over the 2001-2007 period, we estimate that the legislation will result in about $76 billion in increased spending and about $5 billion in lost revenue. (The estimated budgetary impact ofthe enacted legislation is negligible after 2007.) The amounts shown in Table 1 are CBO's current estimates of spending and revenue changes under the enacted legislation. That is, those estimates are included in our August 2002 baseline. Most of the funding was provided in the form of three supplemental appropriation acts that provided about $65 billion of budget authority in 2001 and 2002. The Department of Defense (DoD) received about $30 billion of this funding, which is being used to conduct military operations overseas and to improve security at military bases and public buildings. The Federal

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