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FY 2014 Federal Landscape August 7, 2012 Kevin O’Neill, Jessica Pung-Monahan, & Dana Weekes.

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Presentation on theme: "FY 2014 Federal Landscape August 7, 2012 Kevin O’Neill, Jessica Pung-Monahan, & Dana Weekes."— Presentation transcript:

1 FY 2014 Federal Landscape August 7, 2012 Kevin O’Neill, Jessica Pung-Monahan, & Dana Weekes

2 FY 2014 Federal Landscape Political Environment –112 th Congress –Election –Lame Duck Federal Appropriations Process –October 1 – September 30 (ideally) –Continuing Resolution –FY 2013

3 FY 2014 Federal Landscape Sequestration –Budget Control Act –$1.2 trillion in cuts over 10 years ( ) –Non-Defense Cuts: 8.4% cut across the board $54.7 billion in 2013 –Defense Cuts: 7.5 % cut $54.7 billion in 2013 Includes Defense-related research funding

4 FY 2014 Federal Landscape Immediate Impacts of Sequestration –Pell Grants are EXEMPT –Cuts to research programs (NSF, NOAA, etc.) –Examples of Impact on AK (Harkin Report - LHHS) $933,150 cut to Improving Teacher Quality State Grants –984 fewer teachers in AK, serving 16,029 students, receive professional development $33,224 cut to Federal Work Study Program –15 fewer students in AK will receive financial assistance

5 FY 2014 Federal Landscape Sequestration Issues –1 year of cuts squeezed into 9 months –Delay in first/second quarter grant processes likely –Will there be any programs/agencies that get hurt less or more by sequestration

6 FY 2014 Federal Landscape Future Impacts of Sequestration –Even if sequestration is delayed, Congress will move closer to fiscal judgment day –Universities face special risk due to domestic/defense exposures

7 FY 2014 Federal Landscape Questions?


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