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Heritage Bankshares Inc. Message Board

  • barkingdog78 barkingdog78 Feb 16, 2013 12:09 PM Flag

    Budget cuts/sequestration won't affect Oceana that much - it's more ships impacted

    Navy actions by region - VIRGINIA

    Tier A – Continuing Resolution (~$1.4B)
    • Cancel 10 3rd/4th Qtr ship avails in Norfolk ($271M)
    • USS OSCAR AUSTIN (DDG 79), USS PORTER (DDG 78), USS
    LABOON (DDG 58), USS FOREST SHERMAN (DDG 98), USS
    MCFAUL (DDG 74), USS WINSTON CHURCHILL (DDG 81),
    USS JASON DUNHAM (DDG 109), USS BARRY (DDG 52),
    USS WASP (LHD 1), USS EISENHOWER (CVN 69)
    • Cancel 3rd/4th Qtr aircraft maintenance in Cherry Point, NC
    ($81M)
    • Cut 1,121 temporary workers in 3rd/4th Qtrs ($30M)*
    • Implement civilian hiring freeze ($70M)*
    • Reduce FSRM by 50% ($98M)
    • Cut BOS 10% (~$90M)
    • Cut NECC by 20% (147M)
    • Cut non-essential travel/conferences ($26M)*
    • Reduce ship ops, flying hours ($670M)*
    • Cancel 2 demolition projects in Norfolk ($9M)
    • Reduce IT spending by 25%
    • Defer 4 MILCON projects for (2 at Dahlgren, 1 Oceana, 1
    Norfolk NSY - $100M)
    • Defer “new start” construction of CVN 79 ($608M)
    • Defer “new start” aircraft procurements ($150M)*
    • Defer “new start” research and development ($263M)*
    *= Navy-wide total cut

    Tier B – Sequestration
    • Defer emergent repairs to PORTER ($125)** and
    MONTPELIER ($41M)** in FY13
    • Cancel Blue Angels show in VA Beach, Lynchburg (Sep 13)
    • Furlough most Civilians for 22 work days ($448M)

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