Budget Brief 24-04
March 14, 2024

In early March, the president signed the first of two appropriations packages for fiscal year (FY) 2024. It includes funding for the Department of Housing and Urban Development (HUD). This brief summarizes funding and other provisions of interest to states in the legislation, the accompanying explanatory statement, and the House and Senate reports it references.

Notable in FY 2024 is the rescission of prior-year unobligated balances in several accounts. This likely reflects efforts to stay within Fiscal Responsibility Act (FRA) discretionary spending caps.