What sequester? Construction continues despite other cuts
After months of news about decreasing Defense Department budgets, there’s a bright spot on the horizon for Colorado Springs. In 2014, the Pentagon plans to spend 27 percent of its Army construction budget at Fort Carson, bringing jobs and opportunities to the region, and signaling the increasing importance of the Mountain Post to overall defense [...]
While the military is struggling with sequestration constraints, defense companies are confident they’ll survive the current and future budget cuts. The key, those companies say, is to be agile and offer a broad array of services and to provide innovation at low cost. “This is a budget cycle. It’s just another budget cycle for us. [...]
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Hospitals across the state are bracing for billions in financial losses, thanks to sequestration and a series of other federal budget cuts. While some cuts were expected and planned for, sequestration was not – and hospitals are struggling to figure out how to deal with the loss of revenue. For example, sequestration cuts Medicare provider [...]
Continue reading …Sequestration has thrown uncertainty and confusion into the budget and travel-planning process for the nation’s military and its civilian contractors. And that ambiguity is affecting one of the biggest conventions in Colorado Springs, the annual Space Symposium hosted by the international nonprofit Space Foundation. “What we’ve seen, most of all, is confusion,” said Elliot Pulham, [...]
Continue reading …For months, we’ve been publishing stories in the Business Journal warning of possible consequences from the federal spending sequester for the Colorado Springs-area economy. Political leaders on both sides in Washington stayed upbeat as long as possible, saying the sequester was too damaging — and too indiscriminate — to become reality. Surely, even in the [...]
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The initial impact from budget cuts and sequestration to Colorado Springs’ defense assets might be much less than originally forecasted by El Paso County. According to an analysis by USA Today, the state stands to lose $161 million in reductions to its Army assets and 4,803 jobs. Air Force estimates for Colorado suggest that it [...]
Continue reading …In two short weeks, sequestration is set to become reality. So far, the outlook has been grim: millions of jobs lost, hundreds of thousands more workers put on furlough and given pay cuts. Almost everyone agrees that sequestration — designed to cut billions from the federal government starting March 1 — isn’t a good idea. [...]
Continue reading …Oil, health care, military experts address business concerns at CSBJ breakfast
January 15, 2013 Comments OffOil and gas has been a welcome boom for Weld County, says Weld County Commissioner Sean Conway. Colorado Springs stands to lose hundreds of jobs and thousands in economic impact from sequestration cuts to the defense budget – but there could also be some opportunity, said Scott Bryan, owner of Bryan Construction and a member of [...]
Continue reading …Every New Year brings its own issues, and for Colorado Springs the areas of emphasis for 2013 were not hard to define — even in advance. Oil and gas drilling, upcoming changes to the health care industry, and the local effects of possible cuts to national defense industry stand out as the year’s starting points [...]
Continue reading …In an historic New Year’s Day session, the House of Representatives passed a bill that preserved Bush-era tax cuts for the middle class, but raised taxes on people making more than $400,000 a year. The compromises also averts a 27 percent cut in reimbursement levels for doctors who treat Medicare patients, and fixes the “dairy [...]
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