Appropriations Committee Releases the Fiscal Year 2015 Transportation, Housing and Urban Development Bill
Press Release
The House Appropriations Committee today released the fiscal year 2015 Transportation, Housing and Urban Development funding bill, which will be considered in subcommittee tomorrow. The legislation includes funding for the Department of Transportation, the Department of Housing and Urban Development, and other related agencies.
In total, the bill reflects an allocation of $52 billion in discretionary spending -- an increase of $1.2 billion above the fiscal year 2014 enacted level and a decrease of $7.8 billion below the President's budget request. However, given the reduction in offsets caused by a decline in Federal Housing Administration receipts, the program level within the bill is more accurately $1.8 billion below the current level. Within the legislation, funds are targeted toward transportation, infrastructure, and housing programs of national need and significance that have the biggest impact on Americans and communities across the country.
"This bill makes responsible choices to trim programs while targeting taxpayer dollars where they are needed most --critical transportation and housing programs that our communities, our economy, and our people rely on," House Appropriations Chairman Hal Rogers said. "While there is always more to do, this bill is a good step in the right direction, investing in these important programs to prepare our nation's infrastructure for future economic growth, and to take care of our most vulnerable citizens."
Subcommittee Chairman Tom Latham added, "My priorities in this process were to act in a bipartisan fashion to fund our most vital programs with our critical need to reduce the deficit. This is a sound, commonsense bill that meets our highest transportation and housing priorities in a fiscally responsible way. I look forward to working with my colleagues on both sides of the aisle to move this important legislation forward in an open legislative process."
Source