Federal Budget



FY 2014 Federal Budget

In January 2014, three months after the start of the 2014 fiscal year, Congress passed and the President signed a bill funding the US government through September 30, 2014. The budget did not include the across-the-board sequester cuts in effect in 2013. The final estimated funding for research and development at science agencies significant to biophysics members is in the chart below 

FY 2015 Federal Budget

The President released an overview of his proposed federal budget for FY 2015 on March 4, 2014.  Details for specific agencies were rolled out over the next several weeks. The budget he sent to Congress adhered to the Budget Control Caps set by Congress in late 2013, which allowed with little room for growth in spending but did cancel the sequester cuts that would have taken place in 2014 and 2015. While the result is a rather flat funding outlook, it is better than further reductions to federal spending on research and development. With that said, the proposed budget barely keeps up with inflation (and in the case of NIH, does not).

As part of the budget roll out process, the White House included an additional $56 billion in funding on top of his regular request, through what’s being called the Opportunity, Growth, and Security Initiative (OGSI). The President has proposed paying for the additional expenditures through a combination of revenue increases and some spending cuts elsewhere, stating that the items he included in OGSI are priorities the country should fund. The OGSI includes $5.3 billion for R&D.

While some of the budgets documents prepared by the specific agencies mention the OGSI and explain how those funds would be spent, not all do. The information available is include in the chart below.



FY 2014-2015 Appropriations for Science Agencies (in billions)

 

 
FY 2014 Enacted
FY 2015 as proposed by the President
Percent different between 2014 and proposed 2015
Additional funding requested in OGSI 
NIH
30.w
30.4
0.7%
0.970 
NSF
7.17
7.26
1.2%
 0.552
DOE
Office of Science
5.067
5.11
0.9%
 
NASA 
Science Office
5.15
4.97
-3.5%
0.187 
NIST
Science & Tech Labs
0.651
0.680
4.5%