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New Jersey

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 New Jersey 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 New Jersey 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%
New JerseyLake Hopatcong2012319CONS/LGCW$43,929-$3,954-$7,907
New JerseyLake Hopatcong2012ACA, Fort Gordon$3,227-$290-$581
New JerseyLake Hopatcong2012ACA, Yuma Proving Ground$3,066-$276-$552
New JerseyLake Hopatcong2012Fisc Puget Sound$210-$19-$38
New JerseyLake Hopatcong2012Fleet and Industrial Supply Cent$62,653-$5,639-$11,278
New JerseyLake Hopatcong2012Naval Special Warfare Group Two$4,446-$400-$800
New JerseyLake Hopatcong2012Navy Environmental Health Center$4,359-$392-$785
New JerseyLake Hopatcong2012Space and Naval Warfare Systems$17,676-$1,591-$3,182
New JerseyLake Hopatcong2012TACOM - Picatinny$132,618-$11,936-$23,871
New JerseyLake Hopatcong2012U.S. Army Industrial Operations$3,676-$331-$662
New JerseyLake Hopatcong2012USA Engineer District Memphis$9,368-$843-$1,686
New JerseyLake Hopatcong2012USPFO for Louisiana$5,825-$524-$1,049
New JerseyLake Hopatcong2012USPFO for New York$6,912-$622-$1,244
New JerseyLake Hopatcong2012USPFO for West Virginia$3,297-$297-$593
TOTAL   $301,262-$27,114-$54,228

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 17:28:21 www.forthecommondefense.org