Tag: defense spending
Proposed cuts of over $500 billion dollars in federal defense spending may trigger the federal Base Realignment and Closure Act, or BRAC. BRAC could negatively impact Alaska’s regional economies and military communities. On February 29th, a group of legislators, led by Representative Steve Thompson, introduced House Bill 316 to create ‘Military Facility Zones’. These zones could thwart BRAC by helping businesses and communities secure funds and projects to serve and support their installations.