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Home›Business & Finance›President’s Fiscal 2018 Budget for USACE Released
Business & Finance

May 26, 2017 · about 9 years ago

President’s Fiscal 2018 Budget for USACE Released

The President’s Budget for fiscal year 2018 (FY 2018) includes $5.002 billion in gross discretionary funding for the Civil Works program of the U.S. Army Corps of Engineers. “The fiscal 2018 Civil Works budget for the Corps reflects the administration’s priorities to support and improve the nation’s

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The President’s Budget for fiscal year 2018 (FY 2018) includes $5.002 billion in gross discretionary funding for the Civil Works program of the U.S. Army Corps of Engineers.

“ The fiscal 2018 Civil Works budget for the Corps reflects the administration’s priorities to support and improve the nation’s economy and infrastructure ,” said Mr. Doug Lamont, senior official performing the duties of the Assistant Secretary of the Army for Civil Works. “ This Budget supports the core mission areas of coastal and inland navigation, reducing flood risks from riverine flooding and along our coasts, and restoring aquatic ecosystems. ”

“ The Budget enables the Corps to carry out its important missions, while advancing key Administration infrastructure initiatives ,” said Lamont.

New federal funding in the Civil Works budget consists of $3.966 billion from the general fund, $965 million from the Harbor Maintenance Trust Fund, $45 million from Special Recreation User Fees, and $26 million from the Inland Waterways Trust Fund.

The FY 2018 funding will be distributed among the appropriations accounts as follows:

The FY 2018 Budget includes $2.098 billion for the study, design, construction, operation and maintenance of inland and coastal navigation projects. It funds capital investments on the inland waterways within the estimated revenues to the Inland Waterways Trust Fund. The Budget gives priority to coastal harbors and inland waterways with the most commercial traffic.

It also provides priority for maintenance of channels at small ports that support significant commercial fishing, subsistence, or public transportation benefits.

The FY 2018 Civil Works budget is available on the Web .

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