Obama Administration Releases FY 2015 Budget Request

On March 4, the Obama administration sent Congress its fiscal year (FY) 2015 budget, which proposed funding for federal programs. Despite the limited overall discretionary spending caps set by the Bipartisan Budget Act (BBA) for FY 2015, the budget request increases the gross Budget Authority by 2.6 percent over FY 2014 levels, and by 10.1 percent over FY 2013 sequestration levels, to $46.66 billion. It also increases investments in several key programs, including Tenant-Based Rental Assistance, Veterans Affairs Supportive Housing Vouchers (VASH), and Choice Neighborhoods Funds.

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