On May 28, the White House released a budget proposal for the 2022 fiscal year. The budget stacks the President’s previously proposed “American Jobs Plan” and “American Families Plan” with $1.5 trillion in discretionary spending—a fifteen-percent increase in discretionary spending from the previous fiscal year. Multiple federal agencies would see significant increases to their budgets, including a forty-one percent increase for the Department of Education and a twenty-three percent increase for the Department of Health and Human Services. The budget proposal comes amid an intensifying debate over infrastructure spending and may serve as a roadmap for negotiations over the summer.
Resources for the budget proposal can be found below:
GFOA’s Federal Liaison Center will continue to monitor developments over the federal budget.