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The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
House GOP releases 2025 legislative calendar. Ashleigh Fields. December 4, 2024 at 4:29 PM. ... It’s a district week that comes days ahead of the end of the fiscal year on Sept. 30.
The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
The National Defense Authorization Act is an annual bill proposed in the United States Congress that redefines the United States military budget for the following fiscal year. Each chamber of Congress introduces a version of the NDAA for 2025. The House introduced H.R. 8070 on April 18 and sent it to the Senate on July 8 for consideration.
Mark your calendars! Monday, Jan. 27, is the official start to the 2025 tax season, the IRS said. That’s the first day the IRS will begin accepting tax returns for the 2024 tax year, but ...
The budget for the Los Angeles Fire Department, one of several departments fighting the fires, was reduced by $17.6 million, or two percent, for the fiscal year 2024–2025. On December 4, 2024, LA Fire Chief Kristin Crowley said that the reduction has "adversely affected the Department's ability to maintain core operations" and that the ...
This is primarily related to the reset of variable incentive compensation programs entering the fiscal year, other personnel-related costs, and modestly higher D&A. Reported operating margin for ...
The money provides funding for operations, personnel, equipment and activities. [2] Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The fiscal year is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. [3]