NYC 9/11 Public Portal Document
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reimbursement, through FEMA's Public Assistance Program, for costs related to
emergency response, debris removal and for public infrastructure repair and rebuilding
efforts are critical. This assistance will cover:
• Search and rescue efforts;
• Emergency care for victims and their families;
• The repair of transportation infrastructure, utilities, and other public
facilities, including the uninsured costs for reconstruction of destroyed
buildings in the affected area; and
• The cost of other temporary activities and facilities necessary to
stabilize the community.
While these costs will continue to evolve as the recovery proceeds, the current
estimate is $34 billion.
II. ECONOMIC STIMULUS, REDEVELOPMENT AND REGENERATION OF THE
ECONOMY - $20 billion
The goal of the World Trade Center Recovery Zone, or "Liberty Zone", is to
reestablish the self-sustaining, long-term economic growth, which existed in
New York prior to the terrorist attacks of September 11, 2001. This would
be accomplished by using public funds and tax incentives to restore private
investments to these areas.
> Supporting Families and Dislocated Workers ($3 billion)
Families and dislocated workers will need special assistance to ensure
adequate resources are available to deal with the impact of the terrorist
attacks. President Bush's proposals to extend unemployment benefits,
provide grants for health insurance coverage, income supplementation and
job training, in addition to providing assistance in accessing existing job
search and training services will significantly mitigate this severe problem.
In addition, the Federal government should recognize the extraordinary
fiscal jolt a huge influx of unemployed, injured and dislocated workers will
have on the State's Unemployment Insurance Trust fund, as well as its
workers compensation programs.
> Providing Economic Restitution to Regenerate the State and City
Economies ($12 billion)
The destruction in lower Manhattan disrupted or eliminated revenue
streams that support the day-to-day functions of the City and the State.
The City and the State could experience revenue losses of up to $12 billion
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