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Budget
Process Continuing March 22, 2007—The House has finished its initial
recommendations on a Budget Resolution. Chairman John Spratt (D-SC) marks include
the following: - A $22. 1 billion increase for discretionary funds
for FY 2008 for a total of $954.9 billion
- An appropriated program level
for function 500 (education ) that is $7.9 billion above the President’s
FY 08 request
- Of the above $5.9 billion is for FY 08 and can be used for
Head Start, Title I and other Elementary and Secondary Ed programs under NCLB
and employment training, or for IDEA and contributing to the new maximum Pell
Grant of $4,600
- $2 billion in advance funding for FY 09
- A deficit
neutral reserve fund that will allow for additional benefits for making college
more affordable complying with the pay as you go rules
The Chairman
rejected: - President Bush’s cut to education function 500 funding
- President
Bush’s cut to student loan programs
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