FY 2015

Senate Appropriations Committee Marks Up FY15 THUD Bill

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Yesterday, the Senate FY15 Transportation, Housing and Urban Development (THUD) appropriations bill passed by the Senate Appropriations Committee by a 29-1 vote. The bill proposes funding levels for the Department of Housing and Urban Development (HUD), the Department of Transportation (DOT) and other related agencies for fiscal year 2015.

This comes on the heels of the House Appropriations Committee passing their version last month. Overall, the Senate bill would provide $54.4 billion in discretionary budget authority for THUD agencies, as opposed to the $52 billion from the House bill. Despite the funding differences between the two bills, the final funding decisions will likely be determined in an omnibus appropriations package later this year.

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Appropriations Subcommittee Marks Up FY 2015 T-HUD Bill

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Yesterday, the House FY 2015 Transportation, Housing and Urban Development (T-HUD) appropriations bill was considered in subcommittee where it was approved by a voice vote. The bill proposes funding levels for the Department of Housing and Urban Development (HUD), the Department of Transportation (DOT) and other related agencies.

Overall, the bill allocates $52 billion in discretionary spending and represents cuts of $1.8 billion from current program funding levels to compensate for lower than expected Federal Housing Administration receipts. The breakdown, by agency, of proposed funding for relevant programs is as follows:

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Congress reaches a two-year budget agreement. What’s next?

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On Tuesday the Congressional budget conference committee, chaired by Senator Patty Murray (D-WA) and Congressman Paul Ryan (R-WI), reached a tentative agreement on the next two years’ federal operating budget. What does this mean for federal smart growth programs?

First, the big picture. The new deal sets top-line discretionary federal spending at $1.012 trillion for fiscal year (FY) 2014, $1.014 trillion for FY 2015 and provides $63 billion of sequester relief. Both the House and Senate still need to approve the budget before it becomes official: The House will vote on the budget agreement today and the Senate will likely take up a vote sometime next week. The measure is expected to pass both chambers.

The proposed agreement comes after Congress failed to reach a budget agreement in October, causing most of the federal government to shut down. The House and Senate eventually agreed on a short-term continuing resolution for the current fiscal year which is set to expire on January 15, 2014. If the proposed budget passes both chambers, Congress will have until January 15 to set funding levels for all federal programs.

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