Maryland County Execs Fear Sequester Effects
Prince George's, Montgomery, Howard County officials say federal spending cuts would wreak havoc on local economy.
Ranking officials in Prince George's, Montgomery and Howard County are urging Congress to come to a compromise that could avert steep cuts in federal spending—known as the sequester—set to go into effect on March 1.
“Sequestration would feel like a cold to most of the nation, but to [Prince George's County] and the rest of the Washington metropolitan area, it would feel like a bad case of pneumonia," read a statement attributed to Prince George's County Executive Rushern Baker in a release issued by the county executives of Montgomery, Howard and Prince George's counties. "One-quarter of the federal workforce in this region are residents of Prince George's County, so many of them are eagerly awaiting a positive conclusion to this situation."
According to data released by Baker's office, the effects of sequestration could wreak economic havoc on Prince George's County.
Annually, roughly $14 billion in federal spending goes to Prince George's County, including $3 billion for the salaries and wages of federal workers, which make up 10 percent of the jobs in Prince George's County. Roughly 16 percent of the county's civilian population over the age of 16 work for the federal government.
“The impact on Montgomery County from the sequestration could undo the economic gains we’ve made as the county and our country have begun to emerge from the financial crisis,” read a statement in the press release attributed to Montgomery County Executive Isiah Leggett. “Montgomery County has 47,000 federal workers and thousands of businesses that contract with the federal government—all of whom will be directly affected if Congress does not act. The loss to our county of millions of dollars in revenue could plunge us back into a severe slowdown causing budget shortfalls and a stagnant economy. We can’t let that happen.”