Florida Furloughs Impacting The Economy

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By: Elizabeth Nickerson

July 8, 2013

Tallahassee, FL--The Defense Department is carrying out automatic federal budget cuts. A big chunk of Florida's economy is dependent on the defense industry. According to the Florida Tax Watch, about 10 percent of the economy is heavily based on military spending.

The biggest immediate concern is state emergency response time, especially for this summer's hurricane season.

Guard members will be furloughed for one day a week starting Monday. The Guard will be operating eight hours less each week.
According to the Florida Tax Watch, Northwest Florida will be severely impacted. Twenty-five percent of the areas economy is related to defense spending.

"Ten percent on Florida's economy is based on military spending, so twenty percent reduction in that through the furloughs will be significant and will ripple throughout Florida as a whole," said Robert Weissert from the Florida Tax Watch.

The budget cuts could last into the new fiscal year starting Oct. 1, but their is no telling how long the furloughs will last.