Transcript Patton Boggs-Presentation

FY 2014 Federal Landscape
August 7, 2012
Kevin O’Neill, Jessica Pung-Monahan, &
Dana Weekes
FY 2014 Federal Landscape
• Political Environment
– 112th Congress
– Election
– Lame Duck
• Federal Appropriations Process
– October 1 – September 30 (ideally)
– Continuing Resolution
– FY 2013
FY 2014 Federal Landscape
• Sequestration
– Budget Control Act
– $1.2 trillion in cuts over 10 years (2012-2021)
– 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
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
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
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
FY 2014 Federal Landscape
Questions?