Georgia could lose millions of dollars in federal funding if the possible sequester takes place. That’s according to a state-by-state breakdown recently released by the White House. The deep across the board cuts are scheduled to begin Friday unless Congress reaches a compromise.
The breakdown says the effects on Georgia would include the loss of more than $28 million in primary and secondary education funding and nearly 400 teaching positions. The White House also says it will mean a reduction in millions of dollars in military operations funding and the furloughing of thousands of civilian department of defense employees. Amy Brundage is Deputy Press Secretary for the Economy.
“There are people who are working today who if we do not come to a resolution will be at risk of losing their jobs, and that’s why we believe Congress needs to work out a solution.”
And, according to Governor Nathan Deal’s office, if the sequester happens the state might need up to $24 million dollars to offset lost federal funds and it could lead to reductions to state revenues as a result of furloughs or job losses. Deal’s office also says it could also result in the overall reduction of economic growth. That’s a huge concern for the state according to Georgia Budget and Policy Institute Executive Director Alan Essig.
9(MDAxODM0MDY4MDEyMTY4NDA3MzI3YjkzMw004))
