Review of the Estimates for the Impact of the September 11, 2001, Terrorist Attacks on New York Tax Revenues

Abstract

As a follow-up to our May 2002 report, reviewing the estimates of the economic impact of the September 11, 2001, terrorist attacks on New York, Congress requested additional information on New York tax revenues. Specifically, they asked us to review the estimates of tax revenue losses that the New York City Office of Management and Budget and the New York State Division of Budget attribute to the terrorist attacks. Both these budget offices estimated that the terrorist attacks would reduce anticipated tax revenues to the city and state in both fiscal years 2002 and 2003. The purpose of this report is to present our review of these estimates.

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Document Details

Document Type
Technical Report
Publication Date
Jul 26, 2002
Accession Number
ADA404795

Entities

Organizations

  • United States Government Accountability Office

Tags

DTIC Thesaurus Topics

  • Accounting
  • Budgets
  • Business Administration
  • Commerce
  • Congress
  • Delphi Method
  • Department Of Homeland Security
  • Economic Analysis
  • Economic Impact
  • Governments
  • House Of Representatives
  • Local Governments
  • National Governments
  • New York
  • Revenue
  • Standards
  • United States

Readers

  • Government and Public Administration Law.
  • Life Cycle Cost Analysis