The House-Senate Budget Committee has been rumored to be near a deal for several weeks. They have until this Friday, December 13th to complete their work of setting an overall spending level. This will then become the overall allocation level for the spending committee – appropriations. What education budget watchers are expecting is that the budget committee will set a level for the fiscal year we are in plus next year. In addition, what is being talked about is some selective restoration from the sequestration cut. But all of this has a direct relationship to either rising what was a very low allocation from the existing law OR finding new funds (revenues). The revenues aspect looks like it is going to be modest at best (or nothing) and as such there will not be a large increase in funds. In fact it may well be that there is a selective restoration from the sequester, which may mean that some programs will be restored and others will not be.
What does this mean? It means that those ...read more