LIHEAP Funding Updates and Federal Budget Status 2024
Stay updated on the latest LIHEAP funding, federal budget status, and fiscal outlook for 2024 and beyond. Get insights into released funds, pending bills, and the upcoming fiscal year's budget request. Contact NEADA for more information.
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Presentation Transcript
Federal Budget & LIHEAP Funding Update Federal Budget & LIHEAP Funding Update MARCH 14, 2024 MARCH 14, 2024 NATIONAL ENERGY ASSISTANCE DIRECTORS ASSOCIATION NATIONAL ENERGY ASSISTANCE DIRECTORS ASSOCIATION
LIHEAP Funding Recent History 2019 2020 2021 2022 2023 $3.65B Regular Appropriation $3.75B Regular Appropriation $900M CARES Act (Released May 2020) $4.5B ARP Act (Released May 2021) $3.8B Regular Appropriation Continued Availability of $4.5B ARP funds $100M in IIJA Funds $4B Regular Appropriation $2B Emergency Supplemental $100M in IIJA Funds $3.73B Regular Appropriation
Fiscal Year 2024 LIHEAP Funding Released Funds: $3.7 Billion 90% of the previous year s base funding level of $4 Billion $100 million from IIJA ($500 million spread over FY 22-26) Advance funding despite the lack of a full year appropriation Released in October 2023 Pending Funds: Approx. $300 Million Requires Congress to Pass Final FY 2024 Budget Anticipated passage: March 22, 2024 Anticipated release: Mid-April, 2024 Supplemental Outlook NEADA has called for $2B President Biden Requested $1.6B No word from Congress
Fiscal Year 2024 Federal Budget Status Passed Bills (March 8): Department of Agriculture Department of Commerce Department of Interior Department of Justice Department of Transportation Veterans Affairs Pending Bills (expected passage March 22) Labor/HHS/Education (Includes LIHEAP) Department of Defense Financial Services-General Government Homeland Security Legislative Branch State-Foreign Operations
Fiscal Year 2025 Outlook President s Budget Request: $4.1 Billion for LIHEAP (an increase of $100 million) Optional water assistance of up to 2.7% of state allocation (Approx $110 million total) Congressional Outlook: No info on LIHEAP funding Anticipate House and Senate draft bills over the summer Likely to pass a budget due to election year
Contact: Contact: Mark Wolfe Executive Director mwolfe@neada.org 202-320-9046 Cassandra Lovejoy Policy Director clovejoy@neada.org 202-333-5916
