[NCL Members] Fwd: Wednesday Update

jeffcrtr jeffcrtr at gmail.com
Wed Feb 10 11:42:36 EST 2016


More from Joel on the President’s budget proposal. I notice that in his list he has corrected the info on adult ed and noted the increase to national leadership funding.

I am going to try to wander over to CEF’s briefing this afternoon.

Jeff

> Begin forwarded message:
> 
> From: Joel Packer <jpacker at cef.org>
> Subject: Wednesday Update
> Date: February 10, 2016 at 11:24:12 AM EST
> To: Joel Packer <jpacker at cef.org>
> 
>  
> 1.    FY 2017 Budget:
> a.    Please come to our Day After Budget briefing this afternoon, from 1-3 PM in 192 Dirksen. 
> 
> b.    CEF created this list <https://drive.google.com/file/d/0B19p6j32JwToTWE1OTYyYjZ2RW8/view?usp=sharing> of all ED discretionary programs showing those that are proposed for increases, decreases, frozen and proposed new programs. 
> 
> c.    We also created this set <https://drive.google.com/file/d/0B19p6j32JwToaGg0SzdPREhVNWc/view?usp=sharing> of 50 education funding history charts
> 
> d.    Treasury has posted its Green Book <https://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2017.pdf> that provides details on all the revenue proposal sin the Budget. It includes details on these;
> ·   Community college partnership tax credit
> ·   Modify qualified private activity bonds for public educational facilities
> ·   Simplify and better target tax benefits for education
> 
> e.    OMB Sequester Report: While the Bipartisan budget act of 2015 modified the sequester capos for discretionary spending, the sequester cuts that apply to non-exempt mandatory programs remains in force.  Yesterday OMB issued OMB Report to the Congress on the Joint Committee Reductions for Fiscal Year 2017 <https://www.whitehouse.gov/sites/default/files/omb/assets/legislative_reports/sequestration/jc_sequestration_report_2017_house.pdf>.  It shows that such programs will be cut by 6.9%.  The Department of Education mandatory funded programs (not Pell grants which is exempt will be cut by a total of $255 million.  This affects Rehabilitation Services, Higher Education Title II and Title V programs, and TEACH Grants.  In addition, the student loan origination fee will increase by 6.9%
> 
> 2.    Upcoming Education hearings: None of these have yet been officially posted, and thus could be changed, but Acting Education Secretary King is expected to testify at these hearings:
> a.    2/24: House Education and the Workforce: FY 2017 Education Budget
> b.    2/25: House Education and the Workforce: ESSA implementation
> c.    3/8: Senate HELP, I think on ESSA implementation
> d.    3/10: Senate Labor-HHS-Education: FY 17 Education Budget
> e.    3/22: House Labor-HHS-Education: FY 17 Education Budget
>  
> Joel Packer
> CEF Executive Director
> JPacker at cef.org <mailto:JPacker at cef.org>
> 202-383-0083
> 202-255-0915 (cell)
> www.cef.org <http://www.cef.org/>
> www.Twitter.com/edfunding <http://www.twitter.com/edfunding> 
> NOTE OUR NEW ADDRESS
> 1341 G Street, NW
> Fifth Floor
> Washington, DC 20005
> 

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