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New York

Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Product or Service

(FY 2011 Defense Contracts Baseline Data)

Includes Estimated 9% Annual Budget Reduction
And
Estimated 18% Sequestration Annual Budget Reduction
Starting in FY 2013

Go to www.forthecommondefense.org/reports to view detailed reports on New York 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.   Earlier Budget Cuts: the first 9% Defense Budget Reduction: Defense budgets for 2013-2021 were cut $487 billion -- an average 9% cut over 9 years. In 2012, President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."   Sequestration Budget Cuts: the second 9% Defense Budget Reduction: "Sequestration," also required by law in 2011, mandates $500 billion more in 2013-2021 defense cuts -- an average total 18% cut. In 2011 President Obama said "I will veto any effort to get rid of those automatic spending cuts."   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.   Be Prepared: These reports show how estimates of 2013 defense budget reductions of 9% and 18% could affect New York with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.