U.S. Rep. Dennis Ross (FL-15) announced today that he will return $175,000 from his 2011-2012 budget. Ross also co-sponsored legislation (H.R. 496) that would allow money remaining in Members' Representational Allowances at the end of a fiscal year to be used to reduce the federal debt.
"Many Floridians are having to tighten their budgets and do even more with less. We have worked hard in my office to do the same. We always strive to have the highest level of constituent services and will continue to use the taxpayers' money in the most effective and efficient way possible.
"This legislation that I have co-sponsored will allow all members, like myself, who return money from their annual budget to ensure that the money returned is used to reduce the federal debt, and not just reallocated by the Treasury without a clearly defined purpose."
- The fiscal year runs from October 1 through September 30 of the following year.
- Currently, all funds that are returned from a Member's Representational Allowance (a member's yearly budget) are returned to the Treasury and are allocated without a clearly defined purpose.
- Under H.R. 496, returned money would be allocated by the Treasury for the purpose of debt reduction.