Fans of New York City’s annual Fleet Week will feel the hit of federal budget cuts this year. The Department of Defense has put a hold on optional events like the 29-year-old Fleet Week celebration that takes place in the city every spring.

Organizers are trying to move forward with plans to hold the event, but it is almost certain that sailors won’t be flooding city streets like they usually do. Only local Navy ships will be deployed for this year’s celebration, and most of the ships that arrive for Fleet Week are not local, The New York Post reports.

A Navy spokeswoman added that according to the Department of Defense’s policy, “no branch of the armed forces can participate in community relations or outreach that comes at additional cost to the government.”

This year’s Fleet Week is scheduled for May 23 to 30. Many local businesses count on the annual event that brings thousands of men and women in uniform to the city each year. The celebration also features Navy ship tours and demonstrations.

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The federal budget cuts that started taking effect last week will hit the city for $800 million, the city’s budget director said at a council hearing on Monday.

Budget Director Mark Page said a revenue gap for the city is likely because the sequester cuts, an automatic $85 billion reduction in federal spending, were not taken into account in the mayor’s proposed budget for 2013-2014, The Daily News reports.

Local cuts could breakdown as follows:

• $500 million hit to Hurricane Sandy aid
• $75 million less for Medicaid funding for city hospitals
• $60 million in lost funding for city housing
• $200 million in cuts spread between other city agencies.

If lawmakers in Washington reach a deal to reduce the nationwide cuts, the impact on the city could be minimized, Page said.

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