Finance

Education Funding


HIGHLIGHTS

 

  • On December 21, 2013 President Obama signed into law the NEA-supportedBipartisan Budget Act of 2013 (or Murray-Ryan Budget Deal), which replaces $63 billion in sequester cuts for FY2014 and FY2015.
  • On March 4, 2014 President Obama released his budget proposal for FY2015 which includes a 1.9 percent increase for education from the FY2014 level recently passed by Congress. In addition, the budget requests a fully paid for, $56 billion Opportunity, Growth, and Security Initiative over and above the FY15 funding levels. Split evenly between defense and non-defense discretionary (NDD) funding, and to be funded with a proposed balanced package of spending cuts and closed tax loopholes, the additional $28 billion for NDD would help ease the damage of sequestration, as well as provide funding for other priorities such as early childhood education. The President’s budget also calls for ending sequester in FY2016 and beyond. Check out the tables below for more information.
  • On June 10, 2014 the U.S. Senate Appropriations Labor HHS Education Subcommittee approved the fiscal year (FY) 2015 appropriations that provides the base discretionary budget authority — and is the same as the FY 2014 level (per the Murray-Ryan Budget Deal).  The NEA was pleased that critical formula-funded education programs such as Title I and IDEA received an increase in funding from FY 2014.
  • To date, the full Senate Appropriations Committee has not yet taken up FY 2015 Labor-HHS-Education appropriations, nor has the U.S. House of Representatives.

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