“Today’s emergency oversight hearing of the Committees on Public Housing and Finance was convened to examine the impact federal sequestration will have on NYCHA’s 2014 budget. Though we have long known sequestration could impact the budget, it is alarming that the loss of millions of dollars in federal funding is only now coming to light.
I am deeply concerned that a $205 million dollar reduction to NYCHA would result in the loss of essential services for thousands of New Yorkers.
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