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Government
& Public Affairs Update
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Government &
Public Affairs Team
Reginald M. Turner
John
Van Fossen, Practice Group Leader
Lucius A. Vassar
Chris Wagner
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President
Obama's FY11 Budget Priorities
On Monday, February 1, President
Obama introduced his Fiscal Year 2011 (FY11) Budget, which recommends
to Congress funding levels for all federal government departments,
agencies and programs from October 1, 2010 through September 30,
2011. One of the main responsibilities of Congress is to
appropriate funds for the federal government's operation.
Congress has begun reviewing the President's budget and will continue
to hold hearings about the Administration's goals and justifications
for its recommendations over the course of the next three months
while Congress drafts its FY11 appropriations bills.
Some Key Investments:
Tax cuts for 110 million American families, including:
- Arizona - 2.2 million
families
- Illinois - 4.8 million
families
- Michigan - 3.7 million
families
Department of Education - $49.7 billion for
schools, including:
- Arizona - $1 billion
- Illinois - $2.1
billion
- Michigan - $1.8
billion
Pell Grant Funding to help families pay for
college:
- Arizona - $2 billion
- Illinois - $1.4
billion
- Michigan - $1.2
billion
Department of Transportation - $78.8 billion,
including:
(to fix and
expand roads and highways, modernize airports and expand water and
sewer infrastructure)
- Arizona - $994 million
- Illinois - $2.5
billion
- Michigan - $1.5
billion
Housing Assistance Programs - $19.6 billion,
including:
- Arizona - $236.8
million
- Illinois - $1.4
billion
- Michigan - $501.6
million
Follow the
link below to Clark Hill's web site devoted to tracking the FY11
Budget, and please contact John Van Fossen or Dan Beattie with any
questions or if you need additional information.
http://www.clarkhill.com/PresidentObamasFY2011BudgetPriorities.aspx
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If you have any questions concerning these issues,
please contact John Van Fossen at jvanfossen@clarkhill.com or
Dan Beattie at dbeattie@clarkhill.com.
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To find out
more about Clark Hill and our Government & Public Affairs
Practice Group, visit clarkhill.com
or call 800.949.3124
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