H Con Res 353 - Budget Resolution, FY 2003 - National Key Vote

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Title: Budget Resolution, FY 2003

Vote Smart's Synopsis:

Vote to adopt a conference report on a non-binding concurrent resolution that outlines the budget for fiscal year 2003 and sets budget levels up to and including 2007.

Highlights:

  • $392.8 billion in defense discretionary spending, a 13 percent increase from 2002, and includes an across-the-board pay raise of 4.1 percent for military personnel.
  • $366 billion in non-defense discretionary spending, a 1 percent increase from 2002.
  • $37.7 billion for Homeland Security.
  • Creates reserve funds for highways and highway safety, Medicare modernization and prescription drug benefits, special education, and the war on terrorism.

NOTE: THIS IS A NON-BINDING CONCURRENT BUDGET RESOLUTION THAT SETS THE FUNDING LEVEL FOR DISCRETIONARY SPENDING. IT IS NOT SIGNED BY THE PRESIDENT AND THEREFORE DOES NOT HOLD THE WEIGHT OF LAW, BUT IS USED AS A GUIDE FOR CONGRESS AS IT PASSES THE ANNUAL APPROPRIATION AND OTHER BILLS.

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