In addition, the chances of a government shutdown were thought to be increased due to controversies over reauthorization of the Export-Import Bank, the need to increase the debt limit, disagreements over changing the defense and non-defense spending caps, continuing debate over the Iran nuclear deal, and keeping the Highway Trust Fund from running out of money. However, conservative Republicans were expected to oppose any funding bill that did not defund Planned Parenthood as a result of the recent controversy.
It was expected that a continuing resolution would be required to fund the government past October 1, 2015.
The passage of a budget resolution opened the way for budget reconciliation procedures to be used to repeal the Affordable Care Act on a simple majority vote, although a presidential veto of such legislation was expected. The bill envisioned increasing military spending and decreasing social programs, with the goal of having a balanced budget by 2025. Congressional budget resolutions are non-binding and largely symbolic, in that the actual spending levels are specified in much greater detail in the appropriations bills to be passed later in the year. It was the first budget resolution successfully passed by Congress in over five years. Ĭongress passed its budget resolution in May 2015. It envisioned large tax increases on corporations and the wealthy, which were expected to be opposed by Congress, to fund programs in education and infrastructure. The administration requested funding levels for discretionary spending that were 7% over the budget caps specified in the Budget Control Act of 2011, roughly equally split between defense and non-defense programs. The Obama administration's budget was transmitted to Congress on February 2, 2015. The budget and appropriations legislation will be the first passed since Republicans gained majorities in both houses of the United States Congress in the 2014 midterm elections. Although the word "sequestration" was widely applied to refer to these cuts, even a continuing resolution would not cause another round of across-the-board sequestration cuts as in 2013 because the FY2016 discretionary defense cap is still slightly larger than the FY2015 cap in nominal terms. Ĭoncern was expressed that the BCA caps for defense were far below the Obama administration's budget request and would lead to cuts relative to these increased levels. The Bipartisan Budget Act of 2013 increased the budget caps for FY2014 and FY2015 by $45 billion and $18 billion, respectively. These were first applied in FY2013 they resulted in across-the-board sequestration cuts because that budget was funded through a full-year continuing resolution that exceeded the budget caps. The Budget Control Act of 2011 (BCA) had established spending caps on defense and non-defense spending. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2016, enacted on December 18, 2015.
#US BUDGET SPENDING 2016 SERIES#
The government was initially funded through a series of three temporary continuing resolutions. The requested budget was submitted to the 114th Congress on February 2, 2015. We have also updated data for individual local government units with data for 2021.The United States Federal Budget for fiscal year 2016 began as a budget proposed by President Barack Obama to fund government operations for Octo– September 30, 2016. We have updated the "guesstimated" state and local finances for FY2022-28 as indicated in our " guesstimate" blog entries.
The following table shows the difference between estimated and actual local spending and revenue for FY2021: Previously state spending and revenue for FY2021 were actual, and local spending and revenue were estimated. State and local spending and revenue for FY2021 are now actual historical spending as reported by the Census Bureau. The release includes state and local spending for the United States as a whole and the 50 individual states and the District of Columbia. (See also Annual Survey of State and Local Government Finances).
On Jwe updated the state and local spending and revenue for FY 2021 using the new Census Bureau State and Local Government Finances summaries for FY 2021 released on June 28, 2023.
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