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May 4, 2017—Congress has approved a $1.1 trillion omnibus appropriations bill that will fund the federal government for the remainder of FY 2017 (i.e., until September 30, 2017). President Trump is expected to sign the bill into law. Of particular note to the archives community is increased funding for three grant-making agencies: the National Historical Publications and Records Commission (from $5 million to $6 million), the National Endowment for the Humanities (from $147.9 million to $149.8 million), and the Institute of Museum and Library Services (from $230 to $231 million).
The National Coalition for History (NCH) has published two charts that summarize appropriations for archives, history, humanities, and education programs:
FY17 Final vs FY 16 and President’s Request
FY15-FY17 Three-Year Budget Trends
Read more on the NCH website.
The Trump administration has already indicated its intention to eliminate IMLS, NEH, and the National Endowment for the Arts in future budgets. Watch the SAA website for announcements about what you can do to help save these important programs!
Budgeting is as important for banks as it is for us. They manage huge amounts of money and need to know exactly where the money is going. This helps them to distribute funds wisely: issue loans, offer deposits and maintain stability. Without a clear plan, forcht bank customer service risks running out of liquidity, which will hit customers. In essence, their budget is a guarantee that our money is safe and that the bank will continue to operate efficiently.