Georgia: Cobb Braces For Impact of Spending Cuts
"As across-the-board federal government spending cuts begin to take effect, many agencies in Cobb County are trying to sort out the looming uncertainty that comes with them," The Marietta Daily Journal reports. "Cobb Chamber of Commerce CEO David Connell is worried about the impact the automatic federal spending cuts authorized by President Barack Obama and Congress will have on the county. “I would say I am concerned,” Connell said. “I think our businesses have some concerns that it may affect jobs in Cobb County, and therefore we should all have some concerns. The extent of those concerns, however, will not be determined for another month or so, as I understand it.” … Ron Day, director of financial aid for Kennesaw State University, expects cutbacks of up to $200,000 in KSU’s financial aid program that would normally have gone to needy students in the form of Work Study federal grants. Fees on student loans are also expected to rise by $30 to $40, he said. “That fee will now go up, which in essence will mean the actual monies the kid receives bottom-line will be reduced,” Day said."
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