OEA Webinar to Highlight Defense Spending by State Report

first_img Dan Cohen AUTHOR After increasing by more than 65 percent from fiscal 2000 to 2010, defense spending is expected to decline by 28 percent from FY 2011 to 2019 in real terms, according to a report from DOD’s Office of Economic Adjustment (OEA) examining defense spending at the state and local levels in FY 2014.On Wednesday from 2 p.m. to 3 p.m., the agency will hold a webinar on the report, featuring Christine Chmura, CEO, chief economist and principal at Chmura Economics and Analytics, which prepared the report. To register for the event, visit the OEA website.The report highlights factors, such as the regional expenditures from military bases or private contractors, which can be used by state and local officials to assess their region’s vulnerability to projected declines in defense spending. The impact of DOD spending cuts has been uneven across states, as it depends in part on the number of personnel and the amount of contract revenue in each state, according to the report.Overall, defense spending is accounting for a smaller portion of state economies as the military draws down from two overseas conflicts and the 2011 Budget Control Act imposes stringent spending caps.For further information about the webinar, contact Elizabeth Chimienti at elizabeth.a.chimienti.civ@mail.mil.last_img

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