State Treasurer Warns of Sequestration Impacts - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

State Treasurer Warns of Sequestration Impacts

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"This is like a slow frog boil. If you put a frog in hot water hew jumps right out. But if you put him in warm water and slowly warm it up, he's there until he's fried. And that's what it feels like."

State Treasurer Kate Marshall isn't shy about her concerns with the looming federal sequestration.

"You should think of sequestration like taking a long knife and running right through what recover we've seen. It's almost like Congress is trying to commit Hara-kiri...slowly," she adds.

Marshall says that the big areas where Nevada will see impacts are in social programs and education and even in federally funded infrastructure programs. When the funding runs out at the end of March some hard decisions will have to be made.

"The Governor will have to decide whether he wants to continue funding the programs for the good of the state, or let them go," she says.

She has done some planning ahead.

"My job is to make sure there is money there for him. I have pulled back on some investments and have more cash on hand so he has the option of funding programs if that's what's decided. But the indecision is tough. Every day they make no progress in Washington is another day we feel they won't ever make any decision and we have to respond. And that means we have to plan to take the hit."

Marshall also says it's fortunate the state legislature is in session so that tough decisions can be made quickly.

Written by Erin Breen

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