Congress has avoided the fiscal cliff, but efforts must still be made to eliminate the threat of sequestration, which leaves local school districts concerned about their future funding.
Sequestration is the package of automatic spending cuts that’s part of the Budget Control Act which was passed in August, 2011 and projected cuts to total $1.2 trillion evenly divided over a nine year period.
Under the Budget Control Act, the cuts were triggered to take effect in 2013 if the super committee didn’t agree to a deficit reduction package.
The House of Representatives passed a Senate proposal that avoided the fiscal cliff just before the new year, but, Manson Superintendent, Matt Charlton, says the agreement just delays the process another two months.
Total cuts for 2013 were set to be $109 billion which included cuts to basic education."CLICK HERE" for Audio