The President's FY 2012 Budget
On Monday, Feb. 14, 2011, the president released his FY 2012 budget. As authorized in the Budget and Accounting Act of 1921, the president by law is required to submit a budget to Congress. While the budget is only a request and does not offer any binding language, it nonetheless is regarded as a powerful directive on national policy from the administrative branch. The FY 2012 budget as proposed by the president would have outlays of $3.7 trillion and revenue expectations of $2.6 trillion. NCSL has provided information and summaries below on budget requests with particular relevance to states.
A full overview of the President's budget and it's state-federal implications is available here:
NCSL Summary of the President's FY 2012 Budget.
*NCSL will periodically update this page throughout the week*
Resources on the FY 2012 Budget
Federal Budget Process
Proposed Program Reductions and Terminations
FFIS Jim Martin Table
NCSL Summary on H.R. 1 - The Proposed 5th Continuing Resolution of FY 2011 Federal Appropriations
Issue Specific Resources