Breaking News — President’s FY2014 Budget

The President’s fiscal year 2014 budget was released today calling on Congress to enact a comprehensive early learning agenda. Overall, the budget proposes $1.8 trillion in deficit reduction over the next decade. Because the budget proposes cancelling the $1.2 trillion sequester, net deficit reduction would amount to about $600 billion over the next decade.

For early learning, the President’s budget proposes:
• An increase of $500 million in mandatory funds for child care
• An increase of $200 million in discretionary funds for child care, which would be used for new competitive grants to improve the health and safety of children in child care
• An increase of $1.4 billion for new Early Head Start/Child Care partnerships for high quality infant and toddler (through age 3) programs
The President has proposed a new $78 billion “Preschool for All” initiative, which would provide grants to states for high quality preschool for 4 year old children up to 200 percent of poverty. The President would offset these costs with a 94 cent increase in the tobacco tax.
As with previous budget’s by the Administration, the Social Services Block Grant (Title XX) would be frozen at $1.7 billion and the Community Services Block Grant (CSBG) would be cut by about nearly half – a reduction of $332 million.
At this time, we do not have any additional details. However, over the next week, there are likely to be briefings and more information made public. We will send you additional information as soon as soon as it is available.

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