Georgia Institute of Technology is preparing for the possibility of a federal government shutdown as the U.S. government faces a deadline to agree on spending for the new fiscal year by Tuesday, September 30. If lawmakers do not reach an agreement by this date, many federal programs could be impacted, including those involving Georgia Tech’s federally funded research.
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’s leadership is closely monitoring both changing guidelines related to federal research funding and developments in Washington. The institution has outlined several mitigation strategies should a shutdown occur. These include keeping track of cash balances, speeding up invoicing to federal agencies, and evaluating whether it will be necessary to delay certain purchases, hiring decisions, or non-essential travel.
The university has indicated that more information will be provided as updates become available regarding how specific federal agencies are affected.
