School budgets were already strained, and now they are faced with another cutback; Sequestration went into effect on Friday, March 1. Sequestration is a series of cuts to a range of federal programs, including those in the U.S. Department of Education. Congress and the Obama administration failed to stop sequestration from taking effect. Programs in the U.S. Department of Education will be cut by about 5.3 percent. The cuts are aimed at chopping $1.2 trillion out of the federal deficit over the next decade so they aren't just for this year, either.
The cuts are for the 2013-2014 budget year, so they won’t have an immediate impact, except for the budget planning process.