UPDATE (March 15, 2025): Lawmakers have passed a continued resolution to fund the U.S. government through its fiscal year which ends Sept 30 – averting a federal government shutdown.
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The U.S. government is rapidly approaching its Friday, March 14, deadline to agree on federal spending for its fiscal year, which began on Oct. 1, 2024. The current continuing resolution is set to expire Friday at midnight. If an agreement is not reached by this deadline, it will result in a government shutdown, which will affect many programs, including the federal contracting work performed by Georgia Tech.
“Currently, Georgia Tech receives more than $100 million per month in federal funding for research activities,” said Jennifer Bentson, associate vice president for Finance and Planning. “We actively plan for these types of situations, and the Institute is well-positioned in the short term. However, if there is a prolonged federal government shutdown, we would need to take measures to further preserve cash and maintain campus operations.”
Coupled with the changing guidelines related to federal funding for research, leadership continues to monitor the developing situation and is ready to implement strategies to help ensure continuity in the event of a federal government shutdown. Mitigation strategies include monitoring cash balances, accelerating federal invoicing, and assessing the need to defer certain purchases, hiring, and non-essential travel.
More information, including how specific federal agencies are affected, will be provided as the situation develops.