Latest Budget News

Congress Approves FFY 2015 Budget

12/15/2014 – Congress has approved a budget for federal fiscal year 2015, which ends on September 30, 2015.  Until this point in time, the U.S. government has been operating on a short-term Continuing Resolution to fund the federal government through mid-December of 2014. Highlights include the following:
  • A $75 million increase for the Child Care and Development Block Grant (CCDBG), totaling to $2.4 billion.
  • The Race to the Top initiative is defunded.
  • Increases in funding for IDEA (Individuals with Disabilities Education Act) by $25 million.
  • Increases in spending for Title I (federal funding for low-income school districts) by $25 million.
  • $20 million cut to Safe and Drug-Free Schools Programs, totaling $70 million.
  • $21.6 million cut to Investing in Innovation grants, totaling $120 million.
  • $300 million cut to Pell Grants, totaling $22.5 billion.[/bulletlist]
See more on the final federal fiscal year 2015 budget from our national partners: