PRESS RELEASE
Will Proposed Federal Budget Cuts Leave Nation's Disaster-Recovery Groups Further at Risk? : ArriveNet Press Releases : Politics: "Will Proposed Federal Budget Cuts Leave Nation's Disaster-Recovery Groups Further at Risk?
Distribution Source : U.S. Newswire
Date : Wednesday, September 14, 2005
To: National Desk
Contact: James Spiegelman of The Aspen Institute, 202-736-3849
WASHINGTON, Sept. 14 /U.S. Newswire/ -- In the wake of criticism surrounding the US Government's response to Hurricane Katrina, federal lawmakers will soon be making budget decisions that are likely to negatively impact the nation's charitable 'infrastructure' for years to come.
Federal programs of interest to nonprofit organizations - groups that often serve as the backbone of communities in times of crisis - will be cut between $40 billion and $71.5 billion over the next five years, according to a new analysis of the most recent presidential and congressional budget proposals. Private charitable giving would have to increase two to three times its current rate in order to offset the proposed reductions in housing, employment, education, and social services programs"
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