is clean up and over time this money will try and help rebuild the New York economy. After the first 2 years the program will begin to focus more on increasing security through more personnel and training geared towards counter-terrorism. It will also help with the economy by trying to entice businesses back to the area with building and city tax incentives. The severity of the damage that the city of New York has endured will take many years to repair. The costs of life that will result in millions of dollars of benefits that need to be paid to the effect of the stock market floundering has put the city in definite economic trouble and that is why the instead of stopping the aid once clean-up measures are completed it will be decreased and continued.The second category of the budget against terrorism focuses on counter-terrorism measures. In the beginning of the budget $15 billion dollars will be allocated to these programs, which will be increased by $10 billion in the last 3 years of the budget to allow for heightened security measures. This money is allocated in response to the expected costs of more terrorists attacks and thus can be considered a public good since everyone will benefit from a reduced likelihood of attack. New York State Governor Pataki calculated that to recover from the attack the state would need $54 billion dollars in aid. If you take that $54 billion and multiple it times a modest 20% chance of another terrorist attack the outcome is $10 billion dollars. An expected costs of $10 billion dollars per attack is rather high when it is considered that total of $15 billion dollars a year can help prevent further economic loses not to mention the lose of life from these attacks. The money allocated towards counter-terrorism will focus on three areas: bio-terrorism, increasing airport security, and increasing security in major cities. $10 billion dollars will be allocated to help prevent bio-terrorism. This mo...
