Washington Post: Sequestration lost Massachusetts $2.2 million, study finds
GovBeat, The Washington Post's blog covering the effect of federal policy on cities and states, published an article on the UMass Donahue Institute's sequestration study. The study, completed by the Economic and Public Policy Research group, looked at deep spending cuts in Massachusetts and found that $2.2 billion and more than 14,000 jobs have been shaved from the state’s economy.
The 43-page analysis explores the impact of the blunt cuts in a level of detail unavailable for most states. Massachusetts may be in an unusual position, though, as its economy is more connected than many others to the federal government. “Although sequestration impacts all states in the US, the industrial mix of Massachusetts suggests that the cuts could result in particularly large effects related to defense contractors, health care, and life sciences research & development among other industries,” the authors note.
December 19, 2013