We’ve all heard of the Sequester, the terribly and amazingly large amount of money the U.S. government is currently slashing from the budget, what President Obama has referred to as taking a “meat-cleaver approach.” This slashing of public spending, with some war/defense spending, was heralded as an only solution and coded under many names, including the Grand Bargain and the Fiscal Cliff.
How will the Sequester affect Greenpoint?
To answer, I reached out to many of Greenpoint’s elected representatives. Of those who responded, State Comptroller Thomas P. DiNapoli‘s office was most helpful.
DiNapoli’s office responded that “details about how sequestration will affect the State as a whole are still pretty vague” but that the total cut for local NY State governments would be around $140 million – and that’s only through September, 2013, citing this report.
DiNapoli’s own report from December 2012 warned “the State would lose more than $210 million in federal funding for education, well over $100 million for health and human services and a similar amount for housing programs.” Continue reading