On the return of Congress from the current recess, several
budgetary matters that directly concern Hispanic-Serving Institutions will need
to be addressed. Appropriations for fiscal year 2013, which began Oct. 1, have not
been passed and a six-month Continuing Resolution is in place to allow
government operations to continue. The resolution extended fiscal year 2012
levels with a mandatory increase to the top line calculations of .061% through
March 27, 2013, which means a slight increase in operational expenses for HSI
programs.
However, as a result of the Budget Control Act of 2011 and
the failure of the Joint Committee on Deficit Reduction and of Congress to find
a way to cut $1.2 trillion by November 11, a sequestration process will impose
mandatory cuts beginning January 2013. The
Office of Management and Budget on Sept. 14 outlined the projected mandatory
cuts should sequestration go into effect:
For additional information, contact Laura Maristany, Executive Director of Legislative Affairs, at lmaristany@hacu.net.