The National Association of Counties (NACo) has just released new analysis of the President’s FY 2015 budget highlighting key programs that are important to the nation’s counties. Prepared each year by the President and the White House’s Office of Management and Budget, the President’s Budget informs Congress of the president’s vision for U.S. fiscal policy.
NACo’s analysis of the President’s Budget includes the following:
- A primer on the federal budget process and the role of the President’s Budget within that process
- An overview of the President’s FY 2015 Budget, including noteworthy eliminations, cuts and increases to county priority programs
- Detailed analysis of proposals on issues and programs important to counties, including:
- The tax-exempt status of municipal bonds
- The Community Development Block Grant (CDBG)
- Secure Rural Schools (SRS)
- The consolidation of U.S. Department of Homeland Security grant programs
As described in the presentation,
The President’s Budget would provide $640.8 billion in aid for state and local governments in FY 2015, a 5.5% increase from FY 2014. However, of the total proposed grant spending in 2015,
- 55.7% is for health programs, mainly federal share of Medicaid Beyond health programs,
- 17% is directed to income security programs
- 10.8% to education, training and social services
- 10.5% to transportation
- 2.7% to community and regional development
According to NACo, Congress is expected to begin consider individual appropriations bills in May. The 2015 fiscal year begins on October 1.
For more information, see the National Association of Counties Analysis of the President’s FY 2015 Budget.