Real Estate

Sequester cuts more than just spending

According to Austin’s KUT, during a city council work session this morning Mayor Leffingwell said right now there aren’t a lot of details on the cuts, but it looks like the city will see a 5% reduction in the amount of funding its eligible for.

“It’ll be for this fiscal year,” Leffingwell said, “and, we’re advised, likely to continue.”

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3d rendering of a row of luxury townhouses along a street

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