Budget Cuts

Defense Industry
4:31 pm
Thu April 17, 2014

Pentagon Issues New Sequestration Warnings: $1 Trillion In Cuts By 2021

Secretary of Defense Chuck Hagel with soldiers at Fort Bragg in Fayetteville, N.C. in 2013. Hagel is pushing for a trimmer military budget, but speaking out against sequestration-level caps.
Credit Glenn Fawcett / Department of Defense/Flickr

A report released by the Pentagon this week warns of the consequences of continuing to fund the military at sequestration levels. The across-the-board spending caps have been relieved by a budget deal in Congress, but the Pentagon is saying that by 2021, the Department of Defense will have spent $1 trillion less than it had planned, making cuts in almost all areas including acquisition, research and personnel.

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Defense Industry
7:15 am
Thu April 17, 2014

As Defense Budget Shrinks, Local Contracting Not All Doom And Gloom

Employees of General Atomics Aeronautical, the manufacturer of Predator and Reaper drones, talk in the company's new Beavercreek office.
Credit Lewis Wallace / WYSO

Thursday is the second day of meetings at Wright-Patterson Air Force Base for small businesses in the defense industry. The event is part of an effort on the part of the Air Force to work more with small contractors; base officials say it helps them stay efficient as the government cuts defense budgets.

Those cuts have been bad news for local industry, which provides the Air Force with everything from computer systems to research to airplane parts—but not all contractors are feeling the same pain.

Large contractors cash in

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State Budget
11:13 pm
Wed April 2, 2014

Governor Approves $27 Million For Miami Valley, But Rejects Springfield Parking Garage

Downtown Springfield buildings.
Credit Cindy Funk / Flickr

Governor John Kasich has signed the capital budget, a $2.4 billion funding bill for infrastructure and building projects at public facilities and schools around the state.

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The Economy & Business
4:02 pm
Wed March 12, 2014

Central State Sees Layoffs, Major Donation On The Same Day

Central State is one of two historically black universities in Greene County.
Credit Lewis Wallace / WYSO

Central State University in Greene County has announced it’s getting a $1 million gift from an alum, entrepreneur and media figure Josh Smith. On the same day the gift was announced, at least 17 people were laid off from the school.

The university has been in negotiations with labor unions for a while about the need to make cuts, and Central State spokeswoman Gayle Barge says seventeen people got letters on Tuesday—secretaries, facilities workers and mail people, many of them members of the AFSCME union.  

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Budget 2015
5:59 am
Thu March 6, 2014

President’s Budget Impacts Wright-Patt With More Cuts Possible

A Lockheed Martin F-35, one of the planes the Air Force would continue to acquire under the president's proposed 2015 budget.
Credit Mark Jones Jr. / Flickr

President Obama’s budget proposals have been making waves this week. He and Defense Secretary Chuck Hagel are pushing to downsize the Army and Air Force and finally end the war in Afghanistan.

But buried deeper in the President's defense budget, are line items for scientific research, says Michael Gessel with the Dayton Development Coalition.

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