NTEU Chapter 296
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  • House Subcommittee Advances Funding Bill with Significant Funding Cuts
    Jun 06, 2024

    House Subcommittee Advances Funding Bill with Significant Funding Cuts

    House Appropriations Subcommittee advances FY 2025 funding bill which includes significant funding cuts for several NTEU agencies and follows the President’s proposal for an average 2.0 percent pay increase for federal employees in 2025.

    Today, Republicans on the House Appropriations Subcommittee on Financial Services and General Government (FSGG) approved their FY 2025 FSGG appropriations bill.  The bill, which determines funding for the Treasury Department, including the IRS, SEC, and other NTEU-represented agencies and has jurisdiction over government-wide employee issues, includes a 10 percent funding cut from FY 2024 levels and is 20 percent below the President’s request. Democrats on the subcommittee all opposed the bill due to, among other things, the significant funding cuts included in the bill that go beyond the agreed upon spending levels in the debt limit deal that passed last year.  The bill now moves to the full Appropriations Committee for further consideration.

    Specifically, the bill would:

    • Slash overall funding for the IRS by $2.2 billion, including cuts to enforcement and operations support that will hamper the IRS’s ability to maximize compliance, and provide insufficient funding necessary to continue updating its aging information technology systems and improving customer service.
    • Reduce funding for the Bureau of Fiscal service by more than $47 million, undermining its central role in government-wide financial operations.
    • Provide $2 billion for SEC salaries and expenses, which is insufficient and $589 million below the President’s request for FY 2025.
    • Provide the FCC with $416.1 million for FY 2025, which is $25.9 million above FY 2024 but $32 million below the request. 
    • Take away non-appropriated funding for the CFPB, instead requiring taxpayer dollars to fund the agency for the first time and providing the agency $650 million, a cut of approximately $160 million from FY 2024.
    • Change the leadership structure of the CFPB from a director to a five-member commission, which would slow down the process of protecting individuals from bad financial practices.
    • Defer to the President’s 2 percent pay proposal for 2025 by remaining silent on pay.
    • Continue the ban on funding new outsourcing activities under OMB Circular A-76.
    • Prohibit TSP Mutual Fund Window (MFW) participants from investing in funds that use ESG investing strategies (i.e. those that use environmental, social and governance factors), which the TSP says would lead to the elimination of the MFW option for TSP participants.

    Please be assured as Congress continues consideration of FY 2025 funding legislation, NTEU will continue to fight for a fair pay raise and adequate funding to properly staff federal agencies while opposing these harmful policy riders.  I will update you on further developments.


  • CBA 2017

    2017 Collective Bargaining Agreement

    Our next Monthly Chapter Meeting Lunch:

    October 16, 2024

    Noon

    Via Microsoft Teams
    (Generally it's the 3rd Wednesday of the month) 

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