GRU statement on potential sequestration - WFXG FOX54 Augusta - Your News One Hour Earlier

GRU statement on potential sequestration

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If the White House and Congress are unable to reach a deal by week's end, the 2011 Budget Control Act could take effect. The act calls for a roughly five percent across the board cut to the federal budget through a process called sequestration.

While specifics about how plans would be implemented are not known, cuts will impact government sponsored research and financial aid at universities across the country, including Georgia Regents University. Cuts to agencies like the National Institutes of Health, which funds research by numerous GRU researchers, could significantly impact numbers of research awards – funding that is focused on finding new cures and treatments for diseases and on developing new scientists through training grants. Federal Work Study and Supplemental Educational Opportunity Grants, which benefit many GRU students, could also suffer. Georgia Regents Health System, which operates the clinical enterprise associated with the university, could also be impacted by cuts to Medicare.

These cuts could impact growth, faculty and student recruitment at Georgia Regents. As one of the state's four public comprehensive research universities and the only public academic medical center in Georgia, Georgia Regents also faces additional financial challenges if sequestration comes to pass, as federal budget cuts may also impact state budgets and funding priorities. 

Being mindful of this developing situation, we continue to follow a conservative budget process.

Georgia Regents will continue to monitor this situation and are hopeful that the tremendous value Georgia's universities and academic health centers provide can be preserved.

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