Trade Centre atrocity costs New Yorkers $1bn
New York’s mayor Rudolph Giuliani has ordered a 15% cut in spending by most city departments, predicting the World Trade Centre attack will cost $1bn in revenue this fiscal year, as well as 100,000 jobs.
Meanwhile New York state’s governor George Pataki said it would take $54bn in federal money for New York to recover. He said New York was requesting $34bn to rebuild lower Manhattan and $20bn to re-invigorate New York’s economy.
