Budget Justification

Annually, each federally funded entity must develop and present to Congress a detailed budget request for the coming fiscal year, which details its recent accomplishments, how it spent previously appropriated money and what it expects to accomplish with new funds. All requests are included in the President's budget, which is presented to Congress every year. 

FY 2015 budget justification

Photo Credit: 401(K) 2012
On Tuesday, March 4, 2014, President Obama submitted his FY 2015 budget to Congress. FY 2015 begins Oct. 1, 2014, and runs through Sept. 30, 2015. Although NeighborWorks America is not a federal agency, our organization does receive a direct federal appropriation from Congress, and is therefore included as an item in the President’s budget. Specifically, the President’s 2015 budget includes a request for $132 million in core funding for NeighborWorks America and $50 million for our National Foreclosure Mitigation Counseling program, bringing the total to $182 million.

Once the president submits his budget request to Congress, NeighborWorks America submits an FY 2015 budget justification. The president’s request for 2015 represents a 10.78 percent reduction in our allocation compared to the previous year's funding ($136.6 million in core funding and $67.5 million for NFMC, or a total
of $204 million).

Fiscal Year 2015 Budget Justification [PDF, 1.75 MB]

NeighborWorks budget justification archives