The federal fiscal year ends on September 30. Without an adopted and signed budget by this date, there may be a federal government shutdown. Expectations are tempered by disagreements among Congress and the Administration about spending priorities.
Since our report last week, there has been no substantive movement to address the end of the federal fiscal year. Both the House of Representatives and the Senate have been unable to advance budget legislation.
As a reminder, the federal fiscal year ends on September 30. Without an adopted and signed budget by this date, there may be a federal government shutdown. Expectations are tempered by disagreements among Congress and the Administration about spending priorities. Discussions regarding a short-term Continuing Resolution to keep the federal government open are mired in the same disagreements.
A federal government shutdown, according to the Administration, may stop, among other programs, discretionary formula grants to municipalities. During past federal shutdowns, a wide range of services were affected, including public assistance programs, closing of national parks, reduction of some food safety programs, reduction in access to some veterans’ programs, and the inability to process federal housing and small business loans. It may also affect FEMA natural disaster clean-up efforts.
We will continue to monitor the situation and report as details emerge.
Contact: Paul Penna, Senior Legislative Analyst, ppenna@njlm.org, 609-695-3481, x110.