DoD Releases Fiscal Year 2014 Defense Spending by State Report

The Defense Spending by State Fiscal Year 2014 report examines U.S. defense spending in FY 2014, at the state and local levels, for all 50 states and Washington, D.C.

According to the budget of the United States Government, Fiscal Year 2015, national defense spending is expected to decline 28 percent from FY 2011 to 2019 in real terms, after increasing by more than 65 percent from FY 2000 to 2010. Sequestration went into effect in March 2013 and required across-the-board cuts to defense and non-defense programs from FY 2013 to 2021. Over this period, defense spending will be reduced by a total of $454 billion.

The impact of these cuts depends in part on the number of defense personnel and amount of defense contract revenue in each state and region. This report highlights factors, such as the regional expenditures from military bases or private contractors, which can be used to evaluate each state’s potential exposure to projected declines in defense spending.

To view the report click here.

Release No: NR-374-15
September 28, 2015

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s