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 <subject>Recession</subject>
 <subject>Statistical data</subject>
 <subject>Taxes</subject>
 <subject>Terrorism</subject>
 <subject>Data collection</subject>
 <subject>Economic indicators</subject>
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 <title>September 11: Recent Estimates of Fiscal Impact of 2001 Terrorist Attack on New York</title>
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<abstract>In 2002, GAO reported that the New York budget offices estimated
that from the terrorist attack, New York City sustained tax	 
revenue losses of $1.6 billion for 2002 and $1.4 billion for	 
2003, New York State $1.6 billion for 2002 and $4.2 billion for  
2003. GAO found some limitations to these estimates, such as that
it is likely that they included some of the economic recession	 
under way in September 2001, as well as events after the attack, 
such as economic fallout from the Enron collapse and accounting  
firm improprieties. After GAO issued its report in 2002, some New
York agencies used revised economic data to assess the attack&apos;s  
fiscal impact. In this context, GAO was asked to update its	 
report to ascertain whether the recent government studies using  
revised economic data would provide more precise information on  
the fiscal impact of the terrorist attack. In doing this work,	 
GAO did not independently estimate the attack&apos;s impact on New	 
York tax revenues.</abstract>
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 <topic>Economic analysis</topic>
 <topic>Economic growth</topic>
 <topic>Recession</topic>
 <topic>Statistical data</topic>
 <topic>Taxes</topic>
 <topic>Terrorism</topic>
 <topic>Data collection</topic>
 <topic>Economic indicators</topic>
 <topic>New York</topic>
 <topic>World Trade Center (NY)</topic>
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