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Note: The USDA budget also includes $397 million for energy projects, an increase of $161 million over FY 2007. Of this $132 million is for Rural Development renewable energy investments through guaranteed loans and grants, and other efforts. The remainder ($29 million) supports research and development activities to enhance bioenergy feedstocks and improve cellulosic ethanol conversion technologies. Source Material and Reference Documents for the President’s fy 2008 Budget Proposal
Budget Overview Documents available via the Office of Management and Budget
Department & Agency Information on the FY 2008 Budget Request
For more information, please contact:
* Final CR Level FY 2007 has not passed as of February 7, 2007. Funding levels based either on H.J. Res 20 or on the current CR that expires on February 15, based on 2006 approved funding levels. [1] The FY 2005 omnibus included a 0.8% across-the-board cut for most discretionary programs. [2] The FY 2006 enacted levels reflect a 1% across-the-board cut for discretionary programs that was included in the FY 2006 department of Defense Appropriations bill. [3] Includes a 0.476% rescission to Infrastructure/State Tribal Assistance Grants (STAG) Project Financing in addition to the 1% across the board cut included in the FY 2006 Department of Defense Appropriations Act. [4] Includes a 0.476% rescission to Infrastructure/State Tribal Assistance Grants (STAG) Project Financing in addition to the 1% across the board cut included in the FY 2006 Department of Defense Appropriations Act. [5] Funding provided under new Diesel Emissions Reduction Program for FY 2007 and beyond, pending final passage of current Continuing Resolution H.J. Res 20. [6] Authorized in Sections 791-797 of the Energy Policy Act of 2005. [7] Does no include $8 million in enacted supplemental resources for Hurricane Katrina response. [8] Includes emergency funding of $298 million from FY 2005 and $181 million from FY 2006. [9] A one time appropriation of $1 billion for FY 2007 was included in the 2006 budget reconciliation bill. This mandatory funding was shifted to FY 2006 with the passage of S.2320/Public Law 109-204. This money included $500 million formula and $500 million emergency funding. [10] The President’s FY 2008 budget request includes $282 million in emergency funding. [11] Under current law, CCC expenditures are estimated to decline from $20.2 billion in 2005 and 2006, $13 billion in 2007, to $1.2 billion in 2008 as the result of higher commodity prices largely due to growth in ethanol production. ** The 2007 USDA numbers are department estimates. |
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