1 / 17

Federal Budget Update: FY 2013 Budget and the BCA

Federal Budget Update: FY 2013 Budget and the BCA. NCSL Legislative Summit August 6, 2012. Federal Funds Information for States. Part 1:. Will Congress Enact a FY 2013 Budget?. FY 2013 Appropriations: A $19 Billion Difference. FY 2013 Appropriations: Status.

dash
Télécharger la présentation

Federal Budget Update: FY 2013 Budget and the BCA

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Federal Budget Update: FY 2013 Budget and the BCA NCSL Legislative Summit August 6, 2012 Federal Funds Information for States

  2. Part 1: Will Congress Enact a FY 2013 Budget?

  3. FY 2013 Appropriations: A $19 Billion Difference

  4. FY 2013 Appropriations: Status

  5. FY 2013 Appropriations: At What Cost to States?

  6. Will Congress Pass a FY 2013 Budget? • Continuing Resolution (CR) likely, but for how long? • House and Senate leaders reached broad agreement on six month CR • Details still need to be resolved • Will it pass both houses in September? • What happens after?

  7. Part 2: What if the BCA Sequester is Implemented Next January?

  8. Overview: BCA of 2011 Three components with potential to affect future funding for state grant programs: • Discretionary spending caps w/adjustments (done) • Joint Select Committee on Deficit Reduction (failed) • Sequestration process (January 2, 2013)

  9. Sequester Process: What We Know • $984 billion in cuts required over FYs 2013-2021 • Roughly $109 billion per year, half from defense and half from nondefense • Many mandatory and a few discretionary programs are exempt • ATB cuts in FY 2013, different process for FY 2014+

  10. Sequester: What We Don’t Know What is the ATB percentage cut? • CBO estimates 7.8% for nondefense discretionary and mandatory, 10% for defense • Exact percentage won’t be known until January 2013

  11. Sequester: What We Don’t Know How will individual programs be affected? • Percentage reduction applied to FY 2013 funding (or CR level) • OMB has authority to apply exemptions and special rules • Examples (Medicare, UI, health care reform, trust funds)

  12. Sequester Coverage Status of FFIS-Tracked Programs

  13. Sequester Coverage Status of FFIS-Tracked Funding

  14. Program Areas Most Affected

  15. Sequester: What We Don’t Know How much discretion do agencies have in implementing sequester? • Virtually none. • Some influence over timing (recent ED guidance) Will Congress and the president modify the BCA? • Various proposals, no agreement (explicit legislation required) • Congress did approve legislation requiring OMB to provide sequester details

  16. What We Can Guess About a Sequester

  17. Will Sequester Happen? • Conventional Wisdom: agreeing to postpone the day of reckoning, BUT… • Many other issues at play • May depend on outcome of election • Waiting too long to act could have a major negative impact on economy • How will companies respond to WARN Act and latest guidance?

More Related