LIU STATEMENT ON SEQUESTER

NEW YORK, N.Y. – City Comptroller John C. Liu stated the following
about the across-the-board federal cuts set to begin today:
“If sequestration begins as scheduled and stays in place for a
significant amount of time, every New Yorker will pay a price in one
way or another—from cuts in school budgets to fewer services for
seniors to reductions in homeland-security protection. We hope
officials in Washington can find a way to reach an agreement soon, so
that families do not have to endure the consequences of their inaction
indefinitely. And although New York City is less dependent on federal
spending than many other parts of the country, if these cuts stay in
effect over the next year, local economic growth will be reduced and
the City will need to fill a budget hole of up to $200 million.” Press Release.