White House issues briefing on likely impact of sequestration on New York state
A document issued by the White House this weekend estimates the likely impact of the $85 billion budget cuts, known as the sequester, which are due to come into effect on March 1. Some key points:
- New York primary and secondary schools will face $42.7 million in cuts, and education support for children with disabilities and their families will lose $36.3 million.
- An early education intervention program, Head Start, would be forced to cut 4,300 places.
- Job Search Assistance programs would be cut by $884,000, impacting on over 46,000 job seekers.
- The Office of Management and Budget predicts that an effective 9 percent annual reduction in funding (over 7 months) for research and innovation will impact on 12,000 scientists and students nationally.
The Healthcare Association of New York State (HANYS), issued a release on Monday saying that the sequestration would result in $2.13 billion in Medicare cuts, according to its President Daniel Sisto. The Medicare cuts would come into affect on April 1.