The Senate is finalizing the fiscal year (FY) 2013 funding legislation for all federal agencies. Like the House’s version, the Senate’s version funds most of the federal government at FY 2012 levels; however, unlike the House’s version, it does include anomalies, or spending exceptions, for certain key programs.
One of the anomalies included in the Senate version is for the McKinney-Vento Homeless Assistance Grants program, which would increase funding levels for this program to $2.033 billion. This will be reduced by 5% because of sequestration, leaving $1.921 billion, a $30 million increase. This increase will be insufficient to maintain actual spending at FY 2012 levels.
The Senate is expected to pass the FY 2013 funding bills this week, and the House is likely to agree to the Senate’s changes. In order to avoid a government shutdown, Congress will need to agree upon finalized funding legislation before Wednesday, March 27, 2013, when the stopgap funding measure currently funding the government expires.
Last week, the House and Senate Budget Committees each passed their FY 2014 budget resolutions – their own versions of the country’s budget for the upcoming fiscal year. The House plan would essentially enhance sequestration by deepening cuts to non-security, discretionary spending (which includes HUD funding) while lessening the cuts to security discretionary spending.
Alternatively, the Senate plan would include a lower level of cuts to non-security discretionary spending and involve less reduction in spending. Congress has until April 15, 2013 to pass a joint-budget resolution.