Budget Shouldn’t Be Declared Dead on Arrival
The Obama administration released its complete fiscal year (FY) 2015 Budget Proposal, which includes approximately $2.4 billion for the Department of Housing and Urban Development’s (HUD) McKinney-Vento Homeless Assistance Grants, representing a proposed $300 million increase in funding for homeless assistance.
This proposal for increasing HUD’s homeless assistance, along with the proposed increases for Department of Veterans Affairs budget, demonstrates a commitment on the part of the Administration to end veterans homelessness by the end of 2015 and chronic homelessness by the end of 2016.
Robert Greenstein, President of the Center for Budget and Policy Priorities (CBPP), calls the Budget Proposal,
“A solid blueprint that would reduce deficits, alleviate poverty, and boost investment in areas needed for future economic growth, such as infrastructure, education, and research.”
“No one should declare this budget ‘dead on arrival,’ for two reasons. First, under the Murray-Ryan agreement of last year, both parties have agreed on the total amount available for appropriated programs this year, and the Obama budget includes program-by-program requests that hit that total …
“Second, with no big budget showdowns or deadlines looming this year, 2014 likely won’t be a year of significant budgetary action beyond the appropriations bills. But 2015 may well be. Policymakers likely will seek to negotiate another budget deal to ease the scheduled sequestration budget cuts for 2016 and beyond and also may consider tax reform and other measures …”
Click here for the full statement from CBPP.