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President Releases FY 2015 Budget
Funding for Major State Grants FY 2010-PB 2015
On March 4, 2014, the president released his fiscal year (FY) 2015 budget proposal, launching the budget process for FY 2015. The chart below shows changes in federal funding from FY 2010 through the president's FY 2015 request for grant programs included in FFIS's Jim Martin Table. While the president's request proposes an overall funding increase for these programs of 22% since FY 2010, the increase is driven primarily by Medicaid (including the Children's Health Insurance Program, Medicaid vendor payments, Medicaid administration, and state payments for Medicare prescription drugs). Other mandatory spending has been relatively flat from FY 2010-FY 2014, with the president proposing a 6.8% increase for FY 2015. After consistent declines from FY 2010-FY 2013, discretionary spending increased by 4.5% from FY 2013 to FY 2014. Under the president's proposal, discretionary spending would exceed FY 2010 levels for the first time in FY 2015.