According to a White House release, Alabama stands to lose about $11 million for K-12 education, and about $9 million in funds for educational services to children with disabilities.
The standoff in Congress continued as Friday’s deadline rolled around – the day the estimated 5.3 percent across-the-board federal budget cuts would take affect. Elementary and secondary schools, however, would not feel the effects until the 2013-14 year begins in the fall.
The release from White House staff states, “Our economy is continuing to strengthen but we cannot afford a self-inflicted wound from Washington.” It blames Republicans in Congress for being “unreasonable” in working toward a compromise. At the same time, Republicans say it’s “all political theater,” according to a report from Birmingham’s CBS affiliate.
Reports from experts at the University of Alabama’s Center for Business and Economic Research estimate Alabama’s economy suffering a $2.5 billion impact, which includes the ripple effect from the full spectrum cuts — especially to the military. (Source: AL.com).
“Sequestration provides that the government has to have spent $55 billion less on Sept. 30, 2013 than it did on Jan. 2, 2013,” said Alan Chvotkin, executive VP of Professional Services Council, a national trade association of government services based in Washington. “How that will happen we don’t know.”