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Vermont

Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Contracting Office

(FY 2012 Defense Contracts Baseline Data)

Estimated 9% to 18% Annual Budget Reductions Starting in FY 2013

Go to www.forthecommondefense.org/reports to view detailed reports on Vermont counties, cities, Congressional Districts, industries, small businesses and information on sources and methodology.


         BACKGROUND ON THE DEFENSE BUDGET CUTS: 2013-2021

  • Our military is carrying an unfair burden of deficit cuts. To date, our Defense budget has been hit with 50% of deficit reduction -- yet it accounts for less than 20% of total federal spending. As a result of these cuts, in 2012 President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
     
  • Sequestration Defense budget cuts of $500 billion, combined with previous Defense cuts of another $487 billion, will cut defense spending in local communities by 9% to 18% between 2013 and 2021.
     
  • These reports show how estimates of defense budget reductions from 9% to 18% could affect Vermont with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
     
  • Alternative solutions have been proposed to maintain a strong defense, reduce our deficit and avoid tax increases. Elected officials have proposed that the President and Congress reduce mandatory entitlement spending and make cuts in the non-security programs in the Federal budget. Over 60% of federal spending goes to entitlements like Social Security, Medicare, Medicaid and now Obamacare.
 

StateCityContract YearGco$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
VermontVergennes2012Corpus Christi Army Depot$60,167-$5,415-$10,830
VermontVergennes2012Crane Division Naval Surface$26,964-$2,427-$4,854
VermontVergennes2012Defense Logistics Agency$21,589,821-$1,943,084-$3,886,168
VermontVergennes2012Defense Supply Center Columbus$51,966-$4,677-$9,354
VermontVergennes2012Defense Supply Center Philadelphia$4,746-$427-$854
VermontVergennes2012Defense Supply Center Richmond$6,846-$616-$1,232
VermontVergennes2012DLA Aviation$77,000-$6,930-$13,860
VermontVergennes2012DSC Richmond$7,478,076-$673,027-$1,346,054
VermontVergennes2012DSCC Maritime Supplier$64,000-$5,760-$11,520
VermontVergennes2012FA8117 Tinker GLSC 448 SCMG PKBD$247,437-$22,269-$44,539
VermontVergennes2012Naval Air Systems Command$27,995,764-$2,519,619-$5,039,238
VermontVergennes2012Naval Inventory Control Point ME$195,266-$17,574-$35,148
VermontVergennes2012Naval Inventory Control Point$5,005,164-$450,465-$900,930
VermontVergennes2012OC-ALC/PK PKX$8,890-$800-$1,600
VermontVergennes2012USA Aviation and Missile Command$27,928,374-$2,513,554-$5,027,108
VermontVergennes2012USA Materiel Command Acquisition$10,199-$918-$1,836
VermontVergennes2012USPFO for Missouri$790,704-$71,163-$142,327
TOTAL   $91,541,384-$8,238,725-$16,477,452

Data sources and more data available at www.governmentcontractswon.com, compiled from public data at www.fpds.gov

Created by the Center for Security Policy Defense Breakdown Economic Impact Report Generator (v.2.8.0-PoP) November 6, 2013 17:50:55 www.forthecommondefense.org