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Budget Deal

All articles tagged with #budget deal

local14 days ago•6 min saved

NYC budget pact expands rental vouchers while freezing police hires

Mayor Mamdani and the City Council clinched a $126 billion budget deal that expands rental assistance via a new CityFHEPS-administered program with $175 million planned next year and $125 million the following year (the rental program could cost about $2 billion next year). The deal also cancels a planned 580-officer expansion, keeping NYPD headcount at 35,000, and expands the Fair Fares program to 200% of the federal poverty level (roughly 340,000 more New Yorkers eligible, 1.3 million total) without a universal free-fares plan. Additional measures include sheltering vulnerable residents, settling a housing-vouchers lawsuit, and relying on state aid and pension deferrals to close the city’s deficit.

via Gothamist|

#budget-deal #cityfheps #fare-fares

politics23 days ago•8 min saved

Virginia budget deal leans on data-center electricity tax, seeds inland port and education ties

Virginia's budget deal preserves data-center incentives but imposes a new electricity tax on their power use (capped at $600M/year), funds an inland port in Washington County, expands the healthcare workforce (including an expansion of the Virginia Tech Carilion School of Medicine), and authorizes a GMU–Averett partnership, while also funding a Roanoke Onzlee Ware statue, allowing local school tax referendums, supporting housing and infrastructure projects (I-81 acceleration, Coalfields Expressway improvements), providing money to demolish the Richmond Coliseum, boosting tourism, and laying groundwork for cannabis retail sales beginning in 2027.

via Cardinal News|

#budget-deal #cannabis-legalization #data-centers

politics3 months ago•18 min saved

House GOP splinters over Homeland Security funding deal

The Senate-passed Homeland Security funding package triggered swift blowback from House Republicans, forcing Speaker Mike Johnson to rally the party amid internal divisions over the deal and its implications for border policy and government funding.

via AP News|

#budget-deal #gop-leadership #homeland-security

politics8 months ago•3 min saved

Pennsylvania lawmakers reach $50.1B budget deal after 130-day impasse

Pennsylvania lawmakers have reached a $50.1 billion budget deal to end a four-month impasse, investing in public schools, creating a family tax credit, and ending the state's participation in a climate program, with bipartisan support but some conservative concerns.

via Spotlight PA|

#budget-deal #climate-program #partisan-disagreement

government9 months ago•2 min saved

Michigan leaders reach bipartisan budget deal to prevent shutdown

Michigan Governor Gretchen Whitmer and legislative leaders have reached a tentative bipartisan agreement on the state budget, including significant funding for roads and tax exemptions, to avoid a government shutdown before October 1, though final details and approval are still pending.

via Bridge Michigan|

#bipartisan #budget-deal #government

politics1 year ago•3 min saved

Florida lawmakers finalize $900 million tax cut and budget deal

Florida's GOP-led legislature has reached a budget agreement that allocates $2.25 billion to tax cuts and reserves, avoiding a potential government shutdown, with plans to finalize the budget by June 16 and propose a constitutional amendment to increase the Budget Stabilization Fund to 25%.

via Politico|

#budget-deal #florida #politics

politics2 years ago•0 min saved

"New York's Budget Deal: Implications for Prisons, Housing, and Hope"

Governor Hochul's proposal to allow the closure of up to 5 state prisons with 90 days' notice has survived budget negotiations, leaving communities anxious about potential closures. The language in the preliminary budget agreement aims to increase the operational efficiency of the correctional system, despite previous hopes of excluding it. This decision could impact communities with state prisons, such as Cape Vincent, Ogdensburg, and Gouverneur, which are already affected by previous closures.

via WWNY|

#budget-deal #closure #governor-hochul

politics2 years ago•2 min saved

"Biden Signs $1.2 Trillion Spending Package to Avoid Government Shutdown"

President Joe Biden signed a $1.2 trillion spending package, ending months of Congress struggling to secure a permanent budget resolution and averting government shutdowns. The bipartisan funding bill will keep the government funded until October 1 and includes six appropriation bills funding various agencies. The budget deal was passed by the Senate in a 74-24 vote after last-minute disagreements, and the House narrowly passed it after a week of scrambling. However, hardline House Republicans criticized the bill, and there are concerns about potential challenges to House Speaker Mike Johnson's leadership.

via CNBC|

#budget-deal #congress #government-funding

politics2 years ago•1 min saved

"Biden Signs $460 Billion Funding Package, Averts Government Shutdown"

President Biden signed a $460 billion spending bill into law, averting a partial government shutdown, covering funding for six major areas of government. The Senate voted 75 to 22 to approve the package after the House passed it earlier in the week, marking a step forward in securing a permanent budget plan for the rest of the fiscal year. This is the fourth time this fiscal year that Congress has had to pass a short-term spending bill to keep the government funded and avert a shutdown. Democrats secured wins on food assistance, rent assistance, and pay for infrastructure employees, while Republicans declared victories on veterans' gun ownership and funding cuts to government agencies.

via CNBC|

#budget-deal #congress #government-spending

politics2 years ago•2 min saved

"Congress Temporarily Averts Shutdown with Short-Term Deal"

The US Congress has passed a bill to temporarily avoid a partial government shutdown, extending funding for federal agencies until March. The bill, which now awaits President Joe Biden's approval, received bipartisan support and aims to prevent a shutdown amidst budget negotiations on border security and aid to Ukraine. If a long-term budget deal is not reached, further funding measures will need to be decided and passed in the coming weeks to avoid a shutdown.

via BBC.com|

#bipartisan-agreement #budget-deal #government-shutdown

politics2 years ago•3 min saved

"Lawmakers Near Short-Term Budget Deal to Prevent Government Shutdown"

Lawmakers are close to reaching a partial budget deal to prevent a government shutdown, with negotiations ongoing for six funding bills, four of which expire Friday. If a deal is not reached, a partial shutdown could impact several government agencies, including agriculture, Veterans Affairs, transportation, and housing. While some programs like Medicare and Social Security would remain unaffected, federal employees could face unpaid work and contract workers may not receive back pay. The longer a shutdown persists, the more severe its effects become.

via CNBC|

#budget-deal #congress #funding-bills

politics2 years ago•1 min saved

GOP Colleague Shames Kevin McCarthy, Scalise Stays Put, McCarthy Reflects on Career, Rosendale Hints at Senate Run

Former congressman Adam Kinzinger shamed Rep. Kevin McCarthy (R-CA) as he prepares to leave the U.S. House, calling him a "vacant and empty man" and accusing him of losing his honor on January 6. McCarthy defended his record and the budget deal that led to his ouster as House speaker, stating that he would make the same decision again.

via Raw Story|

#adam-kinzinger #budget-deal #house-speaker

politics2 years ago•1 min saved

"Virginia's General Assembly Reaches Budget Deal with Tax Rebates and Cuts"

Virginia's General Assembly has reached a budget deal that includes additional tax relief for residents, investments in education, natural resources, and behavioral health. The deal includes a one-time tax rebate, increases the standard deduction, removes the age requirement for military retiree subtraction, and reinstates the sales tax holiday. The legislators emphasized the importance of maintaining college affordability and increasing financial aid. They praised the negotiations as fair and balanced, highlighting the cordial and respectful atmosphere during the process.

via WDBJ|

#budget-deal #education #general-assembly

politics3 years ago•7 min saved

Maine Governor Mills Backs Budget Deal with Paid Family Leave and Child Care Funding

Maine Governor Janet Mills has announced her intention to sign a bipartisan budget agreement that includes funding for paid family and medical leave as well as tax cuts for retirees. The budget, which totals over $800 million, also includes investments in child care and initiatives to support emergency medical services and homelessness. The agreement will be presented to the full Legislature for votes next week, and its strong bipartisan support suggests it will likely pass.

via Press Herald|

#budget-deal #child-care #janet-mills

politics3 years ago•2 min saved

Biden and McCarthy Agree on Debt Ceiling Deal to Prevent Default.

President Biden and House Speaker Kevin McCarthy have reached a budget deal that would avert a potential U.S. default just days ahead of a June 5 deadline. The agreement would keep nondefense spending roughly flat in the 2024 fiscal year and increase it by 1% the following year, as well as provide for a 2-year debt-limit increase. The deal would also expand some work requirements for the Supplemental Nutrition Assistance Program (SNAP), rescind about $30 billion in unspent coronavirus relief money, and put an end to the pause on student loan repayment. The House is set to vote on the legislation Wednesday.

via Fox News|

#biden #budget-deal #debt-ceiling