WASHINGTON - Today, the House Appropriations Committee released the Fiscal Year 2024 bill for the Transportation, Housing and Urban Development, and Related Agencies Subcommittee. The bill will be considered tomorrow, July 12th at 5:00 p.m. The markup will be live-streamed and can be found on the Committee’s website.
The Transportation, Housing and Urban Development, and Related Agencies bill provides a discretionary total of $90.243 billion, which is $8.633 billion (8.7%) below the President’s Budget Request. While the Subcommittee’s spending level is $2.91 billion above the Fiscal Year 2023 allocation, $7.6 billion in new funding is required to offset plummeting housing receipts, $3.6 billion is required to unravel the emergency spending Democrats used to pay for FY23 housing inflation, and another $1.8 billion is required to ensure eligible recipients of housing assistance do not lose their assistance due to inflation. In order to address these shortfalls and fund Republican priorities, the bill eliminates several programs and makes deep cuts to others, especially those that received large amounts in the Infrastructure Investment and Jobs Act (IIJA).
The Subcommittee’s total allocation-the real cost to the taxpayer-is $65.208 billion, with $25.035 billion offset through preventing the Democrats’ wasteful spending on IRS enforcement. This is 25% below the FY23 enacted level and 34% below the President’s Budget Request. The bill provides a non-defense discretionary total of $89.855 billion and a defense discretionary total of $388 million. This bill prioritizes highway, railway, and aviation safety while maintaining housing assistance for our nation’s most vulnerable.
Fiscal Year 2024 Transportation, Housing and Urban Development, and Related Agencies Bill
* Reins in wasteful Washington spending and bureaucracy by:
** Reducing funding by $8.35 billion across 19 grant programs:
*** Reduces funding for the Department of Transportation (DOT) grant programs by $6.616 billion, which is 59% below the FY23 enacted level.
*** Reduces funding for the Department of Housing and Urban Development (HUD) grant programs by $1.733 billion, which is 28% below the FY23 enacted level.
** Rightsizing transportation infrastructure spending post-IIJA; and
** Providing $4.619 billion to DOT discretionary grant programs, which is $6.616 billion (59%) below the FY23 enacted level. These amounts are exclusive of Community Project Funding.
* Prioritizes our nation’s transportation systems safety programs by:
** Responsibly funding safety-related agencies and missions within the Modal Operating Administrations of the DOT.
* Maintains housing assistance for vulnerable Americans, including the elderly, disabled, and veterans by:
** Providing full renewal for all currently-leased, tenant-based rental assistance vouchers, all project-based rental assistance contracts, and all housing for the elderly and persons with disabilities contracts; and
** Providing full funding for homeless assistance grant programs.
A summary of the bill is available.
Bill text is available.
Source: U.S. Department of HCA