Fiscal Year (FY) 2024 is just over two weeks away and House and Senate budget negotiators are in the process of reconciling countless spending, policy, and technical differences between the two bills. This year, the always complex budget negotiation process is further complicated by separate tax bill negotiations and the need to significantly are down surtax spending proposals to fit within the $1 billion spending cap.

This bulletin previews the major differences between the House and Senate budgets, highlights potential challenges for resolution, and identifies several priorities for a sustainable and effective spending plan.