WTC Records Folder 0123 Clippings label, Sept 2001

NYC 9/11 Public Portal Document A White House spokesman, Ari Fleischer, Said the Bush administra- tian would study the plan. ‘‘The White House will continue to work with New York on funding needs,” he ‘ said, ‘and we will help New York “” obtain funding as needs arise.” ; “+ The $17.5 billion already appropri- ‘ated was to pay for hauling away ’" debris, recovering victims and re- building public infrastructure. Yes- terday, Mr. Pataki estimated the ac- "tual cost for those tasks would be ~- closer to $34 billion. The governor also asked Congress “- and the White House to approve $20 billion to Stimulate the state econ- omy. - About $2 billion would go for ’ grants, tax exempt bonds and tax '' Breaks to entice developers to build ’ .in Lower Manhattan and to persuade companies to keep their workforces in the state. The plan would set up a Liberty Zone in Lower Manhattan where these incentives would be available. For workers who were displaced by the disaster, the governor is ask- ing for another $3 billion in federal aid to defray the costs of health coverage, unemployment insurance ‘ and worker’s compensation. Another element that many said The Price Tag The cost estimate for the Sept. 11 attack is almost $54 Basic Rescue, Recovery and Rebuilding in millions Immediate response $14,739 Redevelopment of Lower Manhattan 18,839 Economic Recovery and Revitalization World Trade Center recovery zone $ 2,000 Supporting families and dislocated workers 3,000 Aid to replace lost tax revenue 12,000 Transportation projects 3,000 Securlty (cost to date) | Note: Cost estimates are preliminary and do not include possible insurance offsets. Source: New York State Budget Division The New York Times was likely to receive a cool reception _ Was a $3 billion plan for transporta- tion projects around the state, many of them initiatives in a transporta- tion bond act last year. ‘Nobody can understand why this thing would in- clude a transportation wish list of unrelated projects,” one federal of fi- cial said, , In the city, such aid could go, how- ever, for a new PATH terminal in Lower Manhattan, finishing the engi- neering work for a future Second Avenue subway and compieting the design of a link between the Long Island Rail Road and Grand Central Terminal. But the plan also includes a high- speed rail-link between Schenectady and New York City, bridge repairs upstate and modernizing crossings along the Canadian border. The city and state are also asking Washington to give them as much as $12 billion in additional federal aid to make up for the tax revenue the state and city are likely to lose over the next 18 months. The Pataki administration esti- mates the state could lose $1 billion to $3 billion in the fiscal year ending April 1, and $2 billion to $6 billion in the next year, depending on how the economy fares. Mr. Giuliani said yesterday that the city would lose at least $) billion in tax revenues between now and the end of the city’s fiscal year on July 1. His administration has said an addi- tional $2.5 billion might be lost in the NYC-WTC_000137100