Federal Budget Sequestration
Last year the Budget Control Act of 2011 became law. As a result of that legislation, and the failure of Congress’s Joint Select Committee to identify savings in the budget of the US Government, an automatic budget sequestration is scheduled to take effect on January 2, 2013. For federal fiscal year 2013 (1 October 2012 – 30 September 2013), this sequestration will translate to cuts of $109 billion in federal programs. Recently, the Office of Management and Budget has indicated how cuts would be made among agencies and programs. Initial estimates of the impact to OSU’s research programs could be a $15 million cut, and cuts of about $1 million to student financial aid programs, and $1 million to Land Grant capacity funds. However, the individual funding agencies have provided no more information on their intended approaches to accommodate these cuts.
OSU’s senior administrators are engaged in a number of efforts to identify potential impacts and work with legislators to provide alternative solutions. Obviously, this is a critical issue that will most likely be addressed after the Presidential election. We will keep the campus community informed of the situation and we will be engaged with relevant academic leaders and faculty regarding necessary actions, as soon as we understand the way forward.
Provost Sabah Randhawa
Vice President for Research Rick Spinrad
For more information: Sequestration Fact Sheet