Sequestration would cost civilian agencies $39 billion, contractor group says

Sequestration would cost civilian agencies $39 billion, contractor group says

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Nondefense agencies would be hit with $39 billion in top-line budget cuts if the current law’s threat of sequestration kicks in on Jan. 2, 2013, according to new calculations by the Professional Services Council, a contractors trade group.

Though Congress and the White House could still reach a budget deal and head off the 2011 Budget Control Act’s requirement of across-the-board reductions, industry groups have been sounding the alarm about the short- and long-term harm the indiscriminate cuts would impose — particularly in defense.

In a pivot to the civilian agency side, the council recently analyzed sequestration’s likely impact on 16 nondefense agencies for fiscal 2013. It assumed that Congress will pass a six-month continuing resolution, as expected, and that fiscal 2012 enacted levels form the basis for applying the cuts. Continue reading “Sequestration would cost civilian agencies $39 billion, contractor group says”

SEQUESTRATION FACT SHEET #2

SEQUESTRATION FACT SHEET #2

By Jeff Bratko, Steward AFGE Local 704

Sequestration Fact Sheet #1 explained that sequestration will result in automatic, spending cuts in most discretionary spending by Federal Agencies.  Sequestration is required by the Budget Control Act of 2011 (BCA). Fact Sheet #1 discussed the potential impact of sequestration and noted that it does not appear that plans for dealing with sequestration are being shared with employees.  We also warned that waiting to make your own plans until specific information is available may be a costly mistake.

Fact Sheet #2 provides some additional information about sequestration and steps you can take to avoid falling off your personal fiscal cliff.

Is September 6, 2012 an important date? Continue reading “SEQUESTRATION FACT SHEET #2”

SEQUESTRATION FACT SHEET #1

SEQUESTRATION FACT SHEET #1

By Jeff Bratko, Steward AFGE Local 704

You’ve probably heard the word “sequestration” used by the news media during the last few months.  Some people refer to it as being part of the “fiscal cliff” that may occur in January 2013.  There is a lot we do not know about how sequestration will be implemented.  Unfortunately, management is handling sequestration the way it handled the furlough threat a couple of years ago. It does not appear that specific plans for dealing with the sequestration are being shared with employees.  That means that you are on your own in terms of planning for the sequestration.  Waiting to make plans for the sequestration until management provides us with some facts may be a costly mistake.  However, in order to make plans you need some basic facts and that is what this fact sheet provides.

What is sequestration? Continue reading “SEQUESTRATION FACT SHEET #1”