Report: Defense Spending Likely to Drop

Published: Sep 26, 2013

gov meeting

The wartime era of growing defense spending in San Diego County plateaued in fiscal 2013 and will likely retract slightly next year, according to a report released today by the San Diego Military Advisory Council.

In 2014, the military and defense industry will continue to be San Diego?s ?most important economic driver,? but its impact may diminish in coming years with the cumulative effects of federal budget cuts and Defense Department downsizing, the study forecast.

San Diego fared better than many predicted, however, during the 2013 federal budget crises that culminated in March with across-the-board defense spending cuts under sequestration.