Largely exempt from the cuts are the Highway Trust Fund and the Airport Improvement Program. However, most federal programs will see cutbacks of 5 percent, according to a post from the Association of Leaders in Equipment Distribution.
While the country’s General Fund payment to the Highway Trust Fund will not be affected in 2013, it will see a reduction of $316 million in the future. The amount of General Fund funds eligible for cuts totaled $6.2 billion for FY 2013.
The Highway Emergency Relief portion of the $50.5 billion Hurricane Sandy recovery bill passed in January, will undergo $101 million in cutbacks from an original budget of $2 billion. Another $545 million is being cut from the $10.9 billion allocated by the recovery bill to emergency transit aid.
In terms of defense cuts, Air Force construction will be cut by $151 million, Army construction will undergo a cut of $408 million, while Navy and Marine Corps construction will be cut by $297 million.
Transit Capital Programs will see a $96 million reduction from an original $1.9 billion budget while the construction arm of the Army Corps of Engineers will undergo a $250 million reduction from an original budget of $2.3 billion.
The Airport & Airway Trust Fund (grants-in-aid), will experience more than $50,000 in cutbacks from a budgeted $1 million in sequester-eligible funds from the Airport Improvement Program.
