Fort Hood’s economic impact exceeds $25 billionFort Hood’s economic impact exceeds $25 billionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=85922013-01-11T10:32:00Z2013-01-11T07:30:00Z

FORT HOOD - According to a recent analysis by Texas Comptroller Susan Combs, Fort Hood’s economic impact exceeded $25 billion in Fiscal Year 2011.

According to the study, 68,942 jobs were directly attributed to Fort Hood operations in fiscal 2011, up from about 67,000 jobs in fiscal 2007. Employees at Fort Hood consist of active duty military, federal civilian workers, contract personnel and Killeen Independent School District workers.

In addition, there are 79,454 family members supported by these jobs. Fort Hood was indirectly responsible for an additional 214,344 jobs throughout the state.

In terms of payroll, Fort Hood paid its active duty military personnel and civilian workers more than $3.14 billion in fiscal 2011. It paid more than $514 million to its contractors and more than $3.86 billion to veteran retirees.

Other direct expenses attributed to Fort Hood in fiscal 2011:

  • More than $1.4 billion for construction and utility payments;
  • More than $137 million for travel expenses; and
  • More than $75 million on federal aid to area school districts.
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