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WTC Records Folder 0140 label, 2001

Machine-extracted title · confidence 100%

Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0140.

NYC-WTC_000136670–000136818

Folder label: “Folder 140

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NYC 9/11 Public Portal Document

Economic Restitution for New York City and State

The destruction in lower Manhattan disrupted or eliminated revenue sources that support the day-to-day functions of the City and the State. The financial services industry, which were most directly and profoundly impacted by the attacks, is by far the most important industry to the State and the City in terms of generating taxable incomes for both individuals and corporations, and is one of the primary engines for the national economy.

The City and the State could experience revenue losses of as much as $12 billion -- $3 billion for the City and $9 billion for the State -- during the next 18 months and both will require unrestricted Federal aid to maintain vital public services. A combination of unrestricted aid in conjunction with changes in Federal formula allocations that benefit the State, are options that should also be considered.

It is the intent of the City and the State to maintain the level of vital public services that existed prior to September 11th as required under State and City statutes, while also addressing the extraordinary needs in the wake of the terrorist attacks.

NYS HOMELAND SECURITY EFFORTS — AT LEAST $100 MILLION:

As a result of the direct attacks on New York City and New York State, we must be fully vigilant in the protection of the State's important facilities and infrastructure. Additional resources will be required to protect New York's water supplies, sewers, transportation and communications structures, utilities and other sensitive locations.

New York State has already acted to protect its facilities in the wake of the attacks and is prepared to use the New York State Police, National Guard and Department of Correctional Services Staff to assist in these homeland security activities. This personnel would be used in conjunction with local security forces and would be deployed in both fixed posts and directed patrols. While a full "New York Homeland Security Plan" is currently under development, current cost estimates are expected to far exceed $100 million.

Please Note: Additional documents outlining the proposal are available on the internet at www.state.ny.us/dob

NYC-WTC 000136686

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NYC-WTC_000136686Source: NYC Law Department, mirrored locally

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