Housing Community Development And Mass Transportation Authorizations 1986 H
Housing Community Development And Mass Transportation Authorizations 1986 H
Zations 1986203a20hearings20before20the20su
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Mr. Chairman, I would just like to give an over- view of the fact that your committee has drawn a fat straw, so to speak, in putting this budget reduction plan together. I would call your attention to the first page on the cover. This indicates the summary of the major programs that are in your jurisdiction that would have either complete termination or major reductions in- volved. REDUCTION IN EXCESS OF $27 BILLION In the compromise, the Senate administration budget reduction plan, if you look... under the total column, you can see that for all six of these programs, on a 3-year basis, the budget authority re- duction is in excess of $27 billion, the outlay savings more than $15 billion. And they are distributed between UDAG, the Rural Hous- ing Programs, the Mass Transit Programs, Government sponsored credit agencies, user fees, Eximbank and the smaller programs, as displayed in this table. What I'm going to do now, with your agreement, is go through each section quickly and point out the major arguments.
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