The House Committee on the Budget is expected to mark up a concurrent budget resolution as early as the third week of March and the funding levels that may be in the resolution are the subject of much discussion. The Committee may introduce a budget resolution that would provide FY13 funding at an amount lower than is required by the caps set by the Budget Control Act of 2011. The Act established a discretionary spending cap for FY13, which some House members argue is the figure that Congress should adopt for its resolution. The Senate leaders have taken the position that the Senate does not need to pass a new budget resolution because the Budget Control Act of 2011 already established budget parameters for FY13.
The budget resolution is the first step in the Congressional budget and appropriations process. The budget resolution establishes 302(a) allocation, which is the maximum amount of spending that Appropriators can authorize in the fiscal year. After Congress passes a budget resolution, the House and Senate Committees on Appropriations can proceed with divvying up this funding between the 12 appropriations subcommittees. The amount of funding the subcommittees receive is referred to as the 302(b) allocations. After receiving these allocations, the subcommittees can then start crafting their appropriations bills.
The House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD) will hold its first hearing on the President’s FY13 HUD budget request on March 21. The hearing will be held in Room 2358 of the House Rayburn office building at 10 am.
The Center on Budget and Policy Priorities (CBPP) released a report on March 14 detailing the potential impacts of the President’s FY13 budget request for rental assistance programs. In the report, CBPP says that the President’s requested funding level for Tenant Based Rental Assistance contract renewals, is insufficient and would risk the “loss of voucher assistance for as many as 55,000 low-income families.” CBPP also discusses the Administration’s proposal to increase and make mandatory a minimum rent of $75 per month for tenants in six HUD programs (see Memo, 2/17). CBPP writes that under this policy, “400,000 of the poorest recipients of housing assistance would experience rent increases of 50 percent or more.” In this paper, CBPP also discusses other policy proposals included in the President’s FY13 budget that would impact households served by the three main rental assistance programs.
View the CBPP report: http://www.cbpp.org/cms/index.cfm?fa=view&id=3701&emailView=1