More on 911 Economic Recovery
LAWMAKERS FIGHT TO ENSURE RECOVERY AID FOR LOWER MANHATTAN WON'T BE TAXED
Washington, DC - Congresswoman Carolyn B. Maloney (D-NY) and several other New York Lawmakers introduced legislation yesterday to protect lower Manhattan businesses and residents from having to pay any taxes on 9/11 recovery assistance.
NEW YORK LAWMAKERS SEEK RELIEF FOR LOST TAX REVENUE POST 9/11
Washington, DC- Today, Senator Hillary Rodham Clinton, Senator Chuck Schumer, Representative Carolyn Maloney, Representative Charles Rangel and other New York lawmakers introduced the Community Disaster Loan Equity Act of 2002. The bill will allow reimbursement of lost tax revenues suffered by the City and State of New York as a direct result of the attacks of September 11, 2001.
Poor Management Threatens 9/11 Aid Program
NEW YORK: A federal 9/11 aid program is being severely mismanaged by the New York State Department of Labor, according to data made available through the Federal Emergency Management Agency (FEMA) and other records compiled by the office of Congresswoman Carolyn Maloney (NY). The Individual and Family Grants program (IFG) allows for nearly $15,000 for lost or damaged property and home repairs after national disasters, but only half of 73,000 applications after 9/11 have been reviewed to date, and average aid provided through the program in New York ($1,039) is less than half what has typically been provided to individuals in other disasters around the country ($2,586). In addition, the 13.8% approval rate for accepted applications after 9/11 is far lower than the IFG program's approval rate after other national disasters.
INCOMPREHENSIBLE ... AID TO VICTIMS OF 9/11 MAY BE TAXED
NEW YORK: In response to reports that the IRS may treat $772 million in federal disaster recovery grants to businesses and individuals in lower Manhattan as taxable income, New York Reps. Carolyn Maloney and Jerrold Nadler, with six colleagues, have urged U.S. Treasury Secretary Paul O'Neill and IRS Commissioner Charles O. Rossotti to immediately declare the aid tax exempt.
NEW YORK LAWMAKERS PUSH FEMA TO FULLY REIMBURSE CITY FOR LOST CLASS TIME
Washington, DC- Today, Congresswoman Carolyn B. Maloney (D-NY), along with Senator Chuck Schumer and Representatives Josè Serrano (D-NY), Jerrold Nadler (D-NY), Maurice Hinchey (D-NY), and Nydia Velàzquez (D-NY) sent a letter to Joseph Allbaugh, Director of the Federal Emergency Management Agency (FEMA), pushing for full reimbursement to New York City schools for the $103 million for lost instruction time due to 9/11, and urged him to reimburse the New York City Board of Education for additional expenses incurred. In a press report earlier this week, FEMA indicated they were inclined to consider reimbursing a portion of the expenses incurred, but New York Lawmakers are pressing for a full reimbursement.
MALONEY, SERRANO, OTHER MEMBERS CONTINUE TO PROTECT THOSE AFFECTED BY 9/11
Washington, DC - Today, Congresswoman Carolyn B. Maloney (D-NY), Congressman Josè Serrano (D-NY), and Members of the New York Delegation sent a letter to Governor Pataki urging him to look into the high backlog and rejection rate of Individual and Family Grant program (IFG) applications. Governor Pataki recently extended the application deadline to January 31, 2003, but of the 51,469 applications that have been received, only 6,874 have been approved and 21,544 have been rejected, leaving a backlog of over 23,000 applications.
Helping People Who May Lose Their Homes
Washington DC: Today, Congresswoman Carolyn Maloney (D-NY) and Congressman José Serrano (D-NY) along with ten other New York Members of the House of Representatives introduced the Mortgage and Rental Assistance Reauthorization Act of 2002, HR 5378. The bill reinstates the Mortgage and Rental Assistance program that was discontinued as of May 30, 2002 by the Disaster Mitigation Act of 2000.
New GAO Report On 9/11'S IMPACT ON NY STATE & CITY
NEW YORK: Today, eight members of Congress from New York released the first federal assessment of estimated tax revenue losses to New York City and State as a result of the September 11th terrorist attacks. The United States General Accounting Office (GAO) produced the report at the request of Reps. Carolyn Maloney, Charles Rangel, Maurice Hinchey, Steve Israel, Nita Lowey, Jerrold Nadler, Jose Serrano and John LaFalce.
NEW YORKERS IMPACTED BY 9/11 STRUGGLE FOR RENTAL & MORTGAGE ASSISTANCE
NEW YORK: Today, Congresswoman Carolyn B. Maloney (D-NY) joined the New York Immigration Coalition (NYIC), other advocacy groups, and numerous New Yorkers impacted by 9/11, to urge FEMA to end its incomprehensible delays and rigid, arbitrary standards when considering aid to New Yorkers affected by 9/11 who are in jeopardy of losing their homes.
HOW DID 9/11 AFFECT NEW YORK'S ECONOMY? New GAO Report Assesses Top 9/11 Economic Impact Studies
Read Report NEW YORK: At the request of eight members of Congress from New York, the United States General Accounting Office (GAO) has produced the first official assessment of major economic impact studies of the September 11th terrorist attacks on New York.
