Federal Budget and Appropriations Update
The Senate Appropriations Committee has released its funding allocation for the Transportation, Housing and Urban Development (THUD) Subcommittee. The allocation is $56.474 billion, about $1 billion less than the FY16 final appropriation.
This represents the largest cut among the twelve subcommittees. HUD needs approximately $1 billion in additional funding this year compared to FY16 just to maintain current program levels and renew existing rental assistance contracts.
The Senate THUD Subcommittee will vote on its funding bill on Tuesday, April 19, 2016.
As advocates working to end homelessness and create affordable housing prepare to travel to Washington DC on Wednesday, July 13, we must work to ensure that this $1 billion cut does not become effective and part of the final federal budget.
The Senate Appropriations Committee made this move despite not having a budget resolution setting a topline spending amount for FY17. The Committee has moved ahead and released funding allocations for each of the 12 appropriations subcommittees, otherwise known as 302(b) allocations.
Senate appropriators assumed that the topline number for spending in FY17 would be $1.07 trillion, the amount agreed to in last year’s budget deal.
Without a budget resolution, the House Appropriations Committee cannot move any bills to the House floor until May 15, 2016 when they are permitted to do so under current law.
Speaker of the House Paul Ryan (R-WI) continues to indicate he is working towards agreement on a budget resolution and is unlikely to allow bills to be considered on the House floor.