Gov. Neil Abercrombie said Friday that he will put together at a Sequestration Impact Response Team to weigh the impact of federal budget cuts on Hawaii.

The team will include both public and private interests.

The Abercrombie administration had already asked state lawmakers to set aside $25 million over the next two years as a contingency to respond to federal spending cuts.

State departments should learn from the federal government over the next week the specific impacts of sequestration, according to Kalbert Young, the state's budget director.

Young said he hopes the state Council on Revenues will address sequestration when the council updates its revenue forecast on March 13.

The forecast will be used by the Legislature when drafting the state's two-year budget. The forecast had been expected to go up because tax revenues are coming in higher than anticipated.