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The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
Erie County Council approved the 2025 budget Thursday, raising property taxes to protect the county's reserves and overcome a bevy of clerical errors made by Erie County Executive Brenton Davis ...
Inside the budget is a $65.8 million community investment plan that will have $17.9 million go toward roads; $15.1 million for stormwater; $14.9 million for sewers; and $7.6 million for vehicles ...
The commissioners will then adopt a final budget for FY 2025, which begins July 1. This article originally appeared on The Herald-Mail: County contemplates $300 million budget for FY 2025. What to ...
The budget submitted by George W. Bush in his last year in office was the budget of 2009, which was in force through most of Barack Obama's first year in office. The President's budget also contains revenue and spending projections for the current fiscal year, the coming fiscal years, as well as several future fiscal years.
In 2025, the proposed budget lowers the county property tax rate by 4% to $2.14. Additionally, the county sales tax exemption on clothing and footwear under $110 per item will still be in effect ...
Inflation Reduction Act summary graphic from the White House The nonpartisan Committee for a Responsible Federal Budget , [ 79 ] alongside the Swiss business lobbying group World Economic Forum [ 16 ] analyzed the Act and concluded that the "deficit reduction, along with other elements of the bill, is likely to reduce inflationary pressures and ...