Georgia Tech is preparing for the possibility of a federal government shutdown as the U.S. government faces a Sept. 30 deadline to reach an agreement on federal spending for the next fiscal year, which begins Oct. 1. If lawmakers do not reach a deal by that date, a shutdown could impact many programs, including federal contracting work at Georgia Tech.
Kim Toatley, vice president for Finance and Planning and chief financial officer at Georgia Tech, stated, “Currently, Georgia Tech receives more than $100 million per month in federal funding for research activities. 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.”
Georgia Tech leadership is monitoring developments related to changing guidelines on federal research funding and has outlined strategies to help ensure continuity should a shutdown occur. These strategies include keeping track of cash balances, speeding up federal invoicing processes, and evaluating whether it will be necessary to delay certain purchases, hiring decisions, or non-essential travel.
The institute indicated that additional information about how specific federal agencies may be affected will be shared as more details become available.
