AoA Releases Estimates of Sequester Impact for State Formula Grant Programs

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.

Alert date: 
Thursday, March 7, 2013