I live there (Jax FL) and work for the USN as a civilian fed. employee. We are being told to prepare for a one day a week furlough through September.
What we do is help ensure the US Navy warfigher is ready at all times. One day a week might not sound like much but it will cause the USN to not be as combat ready as they otherwise would be.
We had a big GI party last week base wide.