Thank you for taking the time to read the important message I sent to the campus community regarding sequestration.
Across-the-board spending cuts, known as sequestration, occurred on March 1st. The $85 billion cut for fiscal year 2013 is the result of Congress’ failure to reach an agreement on deficit reduction. The Office of Management and Budget (OMB) has stated these cuts must occur over the remaining seven months of the fiscal year. Therefore, non-defense spending is projected to be reduced by nine percent for non-exempt programs.
Although the sequestration order has been signed by the President, there is still time for Congress to work together to enact balanced deficit reduction legislation. Such legislation can replace sequestration and serve as a catalyst that gives our nation the opportunity to invest in higher education, our research universities and our students.
It is important to keep abreast of this issue. To learn more about sequestration, feel free to visit the resources provided below:
Samuel L. Stanley Jr., MD