Birmingham Business Journal
Federal defense spending cuts could result in a $61 million revenue decrease for Jefferson County, according to a new report.
The Center for Security Policy has compiled an economic impact report on how defense budget cuts taking effect in 2013 might impact the Alabama economy.
According to the report, Jefferson County would be one of the top five counties in Alabama impacted by the cuts, along with Madison, Mobile, Dale and Montgomery counties.
The report said an 18 percent cut under the ‘sequestration law” could cause a $61 million drop in revenue, while 9 percent cuts would cause a $30.8 million drop in revenue.