What to expect this fall and how it impacts the Great Lakes? Presented by: Chad Lord Based off of presentation of Craig Obey, Executive Vice President, NPCA Sources: Federal Budget Report; Center on Budget and Policy Priorities; Congressional Budget Office
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What the End of the Year Fiscal Train Wreck Means for the Great Lakes-Lord, 2012
This panel will examine what sorts of decisions the President and Congress – new or old – will have to make following this year’s November elections. Panelists will examine the political landscape and describe the major decisions that have to be made, including on government funding, sequestration, and tax cuts. Special emphasis will be given to the impacts various budget proposals will have on Great Lakes restoration funding.
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Transcript
What to expect this fall and how it impacts the Great Lakes?
Presented by: Chad Lord
Based off of presentation of Craig Obey, Executive Vice President, NPCA
Sources: Federal Budget Report; Center on Budget and Policy Priorities; Congressional Budget Office
Overview
• Introduction: funding review
• Fall Preview – Jonathan McCracken, Legislative Assistant, Office of Sen. Sherrod Brown
• Budget analysis – Paul Isely, Professor and Chair, Grand Valley State University
• Public opinion – Emma White, Beldon Russonello Strategies
Safe Drinking Water State Revolving FundLinear (Safe Drinking Water State Revolving Fund)Clean Water State Revolving FundLinear (Clean Water State Revolving Fund)
Great Lakes Funding
FY12 FY13 Request FY13 House
$1,469
$1,175
$689
Clean Water State Revolving Fund
Great Lakes Funding
FY10 FY11 FY12 FY13 Request -
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
Asian Carp Funding
GLRIBase
Estimate
Budget Control Act of 2011
1. Imposed tight annual caps on defense and nondefense discretionary spending through 2021 – totaling about $900 billion.
2. BCA also established congressional “Super-Committee” to come up with additional $1.2 trillion in entitlement reforms and new revenues.
Budget Control Act of 2011
• Super-Committee failure to reach agreement on a deficit reduction plan triggered automatic cuts of $1.2 trillion scheduled to take effect in January 2013.
• These cuts are in addition to the $900 billion in annual spending caps.
Budget Control Act of 2011
• The automatic cuts include across-the-board reductions in defense and nondefense programs, as well as Medicare cuts.
• In 2013 alone, the automatic cuts will require a 10% cut in all defense accounts, a 2% cut in Medicare, and a 9% cut in all non-defense discretionary accounts -- including Great Lakes programs.
Budget Control Act of 2011
Defense NDD$400
$420
$440
$460
$480
$500
$520
$540
$560
$580
Existing CapsCaps Plus SequesterHouse Budget
Budget Control Act of 2011
• Both political parties want to avoid the automatic cuts. R’s want to avoid the defense cuts; D’s want to avoid nondefense cuts.
• President Obama has said he will veto any bill to repeal the cuts unless they are replaced with alternative spending cuts and/or revenue increases.
After the Elections: A Perfect Storm
• Because of the pre-election political gridlock in Congress, any action to replace the automatic cuts is unlikely to succeed until after November 6th.
• How resolution unfolds will depend on whether Obama or Romney wins the presidential election.
Speakers• After the elections: perfect storm – Jonathan
McCracken, Legislative Assistant, Office of Sen. Sherrod Brown
• How the numbers add up – Paul Isely, Professor, Grand Valley State University
• The public’s opinion: save the Great Lakes– Emma White, Beldon Russonello Strategies