On March 7, AoA released estimates of how the sequester will impact state formula grant programs under the Older Americans Act (OAA), as well as an explanation as to how the projections were calculated. As anticipated, sequestration will result in an approximate five percent cut over all of FY13 for non-defense discretionary (NDD) programs, and AoA has no discretion in applying the percentage reductions.
Notably, this document contains estimates - not official guidance – and the projections are therefore subject to change, in part because they are based on the funds available under the Continuing Resolution (CR) that is currently funding the federal government. With this CR set to expire on March 27, Congress is expected to address federal funding levels for the remainder of FY13 in the coming weeks. After these funding decisions are made, more specific information regarding the looming cuts will be discernible. For more information, please see the AoA estimates, which are available here.