a plan that consists of spending and revenue targets which are implemented through subsequent legislation, including appropriation acts and changes in laws that affect revenues and direct spending
A bill written by the House and Senate Budget Committees each spring that sets limits on funding for major categories in the budget (See functions). The first stage of the congressional budget process.
A resolution containing the annual decision made by Congress to set spending and revenue levels for the year to come. The Budget Resolution provides a voluntary framework within which Congress agrees to limit the subsequent money bills. The Budget Resolution may also instruct committees to change current law in order to save money, a process called "reconciliation."
Concurrent Resolution of both the House and Senate that prescribes spending limits in the various areas of government activity.
Legislation in the form of a concurrent resolution proposing the congressional budget. The resolution establishes budget totals, divides spending into functional categories (e.g., transportation), and may include reconciliation instructions to House or Senate committees.
The budget resolution is the annual framework within which Congress makes its decisions about spending and taxes. This framework includes targets for total spending, total revenues, and the deficit, as well as allocations, within the spending target, for discretionary and mandatory spending.
House and Senate-passed guidelines, and later caps, on federal budget authority and outlays. The Budget Resolution is considered a matter of internal congressional rules and procedure and is not submitted to the President for signature or veto. Bills that would exceed budget caps are subject to a point of order—although waivers have been granted regularly in both the House and Senate.
A resolution, passed by both Houses of Congress, that sets forth a Congressional budget plan for the next five years. The plan must be carried out through subsequent legislation, including appropriations and changes in tax and entitlement laws. The resolution sets guidelines for Congressional action, but it is not signed by the President and does not become law. The Congressional Budget Act of 1974 established a number of mechanisms that are designed to hold spending and revenues to the targets established in the budget resolution.
A concurrent resolution passed by both houses of Congress, but not requiring the President's signature, setting forth or revising the congressional budget for each of five fiscal years. The budget resolution sets forth various budget totals (aggregate levels) and functional allocations, and may include reconciliation instructions to designated House or Senate commiittees. One budget resolution is scheduled for adoption each year, by April 15. 5
A concurrent resolution, adopted by both Houses of Congress, that sets forth a Congressional budget plan for at least five years. The plan consists of spending and revenue targets and is implemented through subsequent legislation, including appropriation acts and changes in laws that affect revenues and direct spending. Such changes may be in response to reconciliation instructions included in the budget resolution. The targets established in the budget resolution are enforced through Congressional procedural mechanisms set out in the Congressional Budget Act of 1974. See appropriation act, direct spending, and reconciliation.
the first step in the annual budget process. This resolution must be agreed to by the House and Senate. It is not signed by the President and does not have the effect of law, but instead sets out the targets and assumptions that will guide Congress as it passes the annual appropriations and other budget bills.
A concurrent resolution that sets forth guidelines on various budget totals and functional allocation. In essence, it is based on the President's proposed budget plans for the next fiscal year. It does not need to go to the President for his signature.
A federal budgetary term that refers to a concurrent resolution passed by both Houses of Congress, but not requiring the signature of the President, setting forth the congressional budget for each of five fiscal years. The budget resolution sets forth various budget total and functional allocations, and may include reconciliation instructions to designated congressional committees. (APTA)
In the United States Congress, a budget resolution is a legislation in the form of a concurrent resolution setting forth the congressional budget. The budget resolution establishes various budget totals, divides spending totals into functional categories, and may include reconciliation instructions to designated House or Senate committees.