March 7, 2014
Budgets have impact on programs, resources and funding allocations. The new 205 fiscal budget is approaching and what will be the impact. The news of the “President Proposes Cut To EPA Funding for Fiscal Year 2015” will have long-term effects on innovation and development.
“President Obama’s fiscal 2015 budget request includes $7.89 billion in funding for the Environmental Protection Agency, a cut of approximately $310 million, or 3.8 percent, compared to the agency’s current funding level of $8.2 billion. The budget request, released March 4, proposes to increase funding for categorical grants awarded to states and tribes and provide additional funding for various other agency programs, including the hazardous substance superfund program,” reports Bloomberg.
The White House Office of Management and Budget said the president’s budget request adheres to a fiscal 2015 discretionary spending limit of $1.014 trillion, the spending cap agreed to by Congress in December (Pub. L. No. 113-67). The budget proposal also includes an additional $56 billion in funding for priority programs, dubbed the “Opportunity, Growth and Security Initiative,” which will be split evenly between defense and nondefense spending and fully paid for through a combination of spending cuts and the closure of so-called tax loopholes.
President propose money for climate change of $1 billion, Water pollution of $249 million, Clean Air Act of $5.7 million, Brownfield increase of $7 million and the Clean Water Act for $256 million. The increases and changes in focus should produce new challenges for states, tribes and deliver additional funding for agencies.