Business and Finance

House and Senate Still Working on FY14 Budget

The House and Senate budgets were both passed in March. Eli Zupnick spokesperson for the Senate (Majority) Budget Committee said the president weighed in with his proposal “and now we are hoping to move to a conference committee and work toward a bipartisan budget deal.”

The President’s budget for fiscal 2014 (FY14) includes $4.826 billion in gross discretionary funding for the Civil Works program of the U.S. Army Corps of Engineers (USACE). According to the Corps this is offset in part by a proposal to cancel $100 million in unobligated carryover of funding appropriated prior to fiscal year 2013.

“The fiscal 2014 Civil Works budget for the U.S. Army Corps of Engineers reflects the Administration’s priorities of supporting the Nation’s economy protecting the American people and improving the health of our environment” said the Honorable Jo-Ellen Darcy Assistant Secretary of the Army for Civil Works. “This is a performance-based budget that funds the construction of those projects that provide the greatest safety economic and environmental returns on the Nation’s Civil Works investments” said Darcy. “The Budget also reflects the tough choices necessary to put the country on a fiscally sustainable path.”