WTC Records Folder 0123 Clippings label, Sept 2001

NYC 9/11 Public Portal Document

OCT-09-2001 16:20 NYC LEG OFFICE 212 566 0925 P.04/04

Letter to Governor Pataki page Three of Three October 1, 2001

afford to do this?" To which we would Some will ask, "Can we f a economic "Can we afford not to o it?" The casonvibranteasoNew respond, titularly in a state stagnant retail marketplace - p hard-pressed to meet even the a

Retailers would be York - are enormous. sales translate into revenue forecasts. Lower most pessimistic sales tax leading to diminished payroll opportunities for new jobs - lost jobs and taxes. s the sales tax revenue Statisticians can only guess at governments fe os ar ae shthat from the week. If state and local short- g might result would suggest from the proposed economic stimulus, g- or in part term loss whole those items reimbursable in the program to the list of the federal government. levels of aid from by current and future shoppers and visitors normal times, New York's Time and again during tax-free shopping periods. states responded vigorously to from other economic incentives that the most popular and immediate They're clearly temporary broad-based government can provide to its citizens. The state with confidence that we propose today draws on that past success spectrum and tax cut sustainable activity across the immediate and it will reap a sense of optimism help return to New York State and New York City will that we so badly need. and economic activity discuss our proposal Council are prepared to All of us at the Retail with your questions We urge you to call us with you at your convenience. forward to hearing your thoughts on the idea comments, and look and your we propose. and your individual thanks to you Again, our collective and continuedunprecedented State through colleagues for seeing New York these t yes. tim r in pledging our We join all New Yorkers efforts to rebuild. Sincerely,

James A. Quaremba President and CEO York State Retail Council of New

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