UAB may see $34 million impact from sequestration -Paul Gattis, University of Alabama

Robert Witt, chancellor of the University of Alabama System, said today that federal budget cuts could have up to a $34 million impact on UAB. The federal budget cuts known as sequestration will have a "significant" impact on the University of Alabama System, Chancellor Robert Witt told the board of trustees today during meetings at the University of Alabama in Huntsville. At the University of Alabama at Birmingham, Witt said the impact from Medicare cuts as well as losses in federal contracts and grants could add up to $34 million. "(UAB) is anticipating a 5 to 8 percent cut in federal grant and contract activity," he said in addressing the board. "That could add up anywhere from $13 to 20 million per year. Add up Medicare payments and the loss of federal contracts and grant activity, the university could be facing a $34 million impact." http://blog.al.com/breaking/2013/04/uab_may_see_34_million_impact.html