A blizzard of numbers was presented to the Joint Finance-Appropriations Committee this morning as to the potential impact of the federal sequestration cuts on the state. Overall, it shows a potential cut of $24.8 million in federal funds going to the state in the current federal fiscal year, or 5.3 percent, though JFAC budget analyst Jared Tatro warned, “Like everything else … I wouldn’t take (that) … to the bank.”
“We do know that there will be an impact to state government,” Jani Revier, director of Gov. Butch Otter’s Division of Financial Management, told the joint committee. Read more. Betsy Russell, EOB
How concerned are you about the possible impact of sequestration?