Earlier this month, the FY2024 President’s Budget Request (PBR) was released outlining the administration’s priorities for the coming fiscal year. The overall request is self-described as a blueprint to build on the past two years to “grow the economy from the bottom up and middle out by investing in America, lowering costs for families, protecting and strengthening Medicare and Social Security, and reducing the deficit by nearly $3 trillion over the next decade”.
The FY24 PBR included:
- $8,215 per Pell Grant award (an $820 increase over FY23)
- $21 billion in discretionary spending for CHIPS & Science-authorized activities including $1.2 billion for the Directorate of Technology Innovation and Partnerships (TIP)
- $48.26 billion for NIH (an increase of 1.7% over FY23)
- $2.5 billion for ARPA-H (a $1 billion increase over FY23)
- $27.2 billion for NASA (a 7.1% increase over FY23), and
- $11.3 billion for NSF (an 18.6% increase over FY23 enacted level of $9.5 billion)
Now the House and Senate will review the request and vote on a Budget Resolution that decides on topline numbers for discretionary funding. Here is where things could get tricky as the new divided Congress will likely have trouble coming to an agreement.
Check out a more complete list of programs and accounts on our updated appropriations tracker, including the FY24 budget request numbers, here. We will continue to add to this once more budget justifications are released and as the appropriations process continues.