Legislation has emerged to keep the federal government running through September. But tougher negotiations could be on the horizon for the upcoming budget cycle.
Funding levels for many of the federal programs state and local governments rely on are largely unchanged from the previous fiscal year in the roughly $1 trillion spending deal congressional lawmakers have reached.
The 1,665-page bill marks a rare compromise between Democrats and Republicans on Capitol Hill. If passed by Congress and signed by President Trump, the legislation would keep the federal government running for the rest of the 2017 fiscal year, which ends on Sept. 30.
White House budget director Mick Mulvaney during a briefing described the fiscal 2017 bill as “really solid” for the Trump administration and said it “lines up perfectly with the president’s priorities.”
But debates about fiscal year 2018 spending are on the horizon. And those negotiations could get tough. In the “skinny budget” proposal Trump sent to Congress earlier this year he proposed cuts that were steep and sweeping.
Keep reading this article at: http://www.routefifty.com/finance/2017/05/2017-federal-spending-deal-state-local-programs/137478/
Also see related article, “Trump’s Proposed Budget Cuts Would Be Hard Hits for State and Local Governments,” at: http://www.routefifty.com/finance/2017/03/trump-budget-state-local-government-impacts/136200/
