The U.S. government is approaching its Friday, Jan. 30, deadline to reach an agreement on remaining federal spending for the fiscal year, which began on Oct. 1. If an agreement is not reached by this deadline, it will result in a partial federal government shutdown, which, because of the agencies involved, could affect many programs, including the federal contracting work performed by Georgia Tech.
“We actively plan for these types of situations, and the Institute is well-positioned in the short term,” said Kim Toatley, vice president for Finance and Planning and chief financial officer. “We understand that these situations can create uncertainty across our community, especially for those whose work and research depend on federal funding. Should a partial federal shutdown occur, leadership is committed to minimizing its impact on students, faculty, and staff.”
With guidance from a cross-functional working group, executive leadership continues to monitor the developing situation and is ready to implement strategies to help ensure continuity in the event of a partial federal government shutdown. Similar to the previous shutdown, mitigation strategies will include accelerating federal invoicing; monitoring cash balances; and assessing the need to defer certain purchases, hiring, and non-essential travel.
The Federal Shutdown Resources webpage will be updated with information as the situation develops.