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The Trump administration issues its FY2018 budget

The Trump administration issued its FY2018 federal budget this morning.  As anticipated it is long on cuts, short on funding and likely to face significant opposition. The budget itself can be found here.

Much has already been reported in the general media about the budget as details have leaked out over the past several days. Not surprisingly, the budget tracks the Budget Blueprint,  also known as the “skinny budget," discussed in our March 16, 2017 post The skinny budget provided a preview of the actual Budget released this morning.  

The budget seeks to make large changes, such as “reforming” Medicaid by cutting $610 billion over the next 10 years (see P. 34 of the budget). It also seeks infrastructure spending of $200 billion over the next decade.  While that sounds like a lot it isn’t the $1 trillion that the President has been mentioning in speeches. The budget refers to $1 trillion and seems to say that the $200 billion would be a kind of seed money to leverage other sources, namely private sources.

In housing and community development, there is no change from the proposed elimination of the Community Development Block Grant, HOME,  and Choice Neighborhoods programs. It is clearer that the Housing Trust Fund and Capital Magnet Fund would also be eliminated. There are some reductions to Section 8 vouchers, as much as $528 million in total resources.  Project based rental assistance sees a bit more support but with a similar reduction of total resources.

In the rural programs, there is the expansion of the Section 538 multifamily guaranteed loan program and the rural voucher program, but the elimination of the Section 515 program and the Multifamily Preservation and Revitalization Program. There is also about a $44 million reduction of Rental Assistance.

To provide a sense of the opposition and the breadth of concern, the following is a short list of objections and links to websites where people are voicing their objections.

Dental Research

Crop Insurers


“Wall of Opposition”

Safety Net cuts

 

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