Friday, March 1, 2013
Essex County has more than 2,000 federal employees, most of whom work in treasury.
Friday, March 1
The numbers here show the federal employees in Massachusetts by county in 2012, according to the latest figures from Eye on Washington, a DC-based lobbying firm that tracks federal employment. It compiles the data from the Office of Personnel Management, Federal Employment Statistics and the Bureau of Labor Statistics. While much has been made written on how the current sequestration battle in Washington could affect the national economy, these numbers are meant to give readers a sense of the sequestration at the local level. No one knows for certain what the sequestration cuts, some $85 billion, will mean exactly. Even if the March 1 federal cuts are enacted, the full effects would not be felt immediately. The government is required to …
Monday, February 25, 2013
Do you wonder what the 'sequester' will mean for Massachusetts? A White House report gives examples of where federal aid would be cut.
Massachusetts would see more than $91 million in federal funds cut from a myriad of programs if Congress fails to act this week to avoid the sequester, the Obama Administration said Sunday. In a move designed to pressure Republicans into accepting new taxes on the wealthy as part of a deal to prevent the sequester from taking effect on Friday, the White House released reports that outlined how those cuts would impact individual states, The Huffington Post reported. Here are some examples of what's on the chopping block for us here in Massachusetts, according to the report: After the reports were released, congressional Republicans criticized the Obama administration for the PR move, The Huffington Post reported. “Rather than issuing last-…
Thursday, December 6, 2012
City officials are still concerned with any cut to local aid, but say the proposal from the governor to trim unrestricted local aid mid-year would have a minimal affect on Peabody's budget.
While much ado is being made at the state level on proposed emergency budget cuts to local aid for cities and towns, the net effect in Peabody will likely be minimal, according to city finance officials. The cut, while unwelcome, may only amount to about $56,000 in unrestricted local aid within a city budget of $140 million for Fiscal 2013. "Anytime there are cuts to local aid that affect the city budget, they are a concern," said Mayor Ted Bettencourt Wednesday. "It will have an impact on Peabody, regardless of the number." Finance Director Patricia Schaffer said her understanding is that only general government aid would be trimmed by 1 percent under the governor's plan, not the $25.5 million Peabody received for local aid as a whole, …