The Biden-Harris Administration released the President’s Budget for Fiscal Year 2024. The Budget details a blueprint to grow the economy from the bottom up and middle out, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share—all while ensuring no one making less than $400,000 per year pays more in taxes.
“For the last 30 years, AmeriCorps has tapped the unwavering spirit of the American people to meet the country’s toughest challenges through sustained, results-driven service opportunities,” said AmeriCorps CEO Michael D. Smith. “To continue advancing this mission, the President’s Budget for the fiscal year 2024 provides $1.479 billion to support AmeriCorps and its state, local, and tribal partners in meeting important issues of our time, reducing barriers to service by increasing living allowances and volunteer stipends, and continuing to improve agency financial management and operations through investments in systems, technology, and staff.
“Additionally, the budget proposes legislation to strengthen pathways to education and employment, including the elimination of the tax on education awards, so that members can realize the full benefit of their award after service.”
The Budget makes targeted investments in the American people that will promote greater prosperity and economic growth for decades to come. At AmeriCorps, the budget will:
- Support more than 200,000 AmeriCorps members and AmeriCorps Seniors volunteers and its state and local partners in addressing public health needs, responding to disasters and extreme weather events and expanding education and economic opportunity in urban and rural areas.
- Improve the experience of AmeriCorps members and AmeriCorps Seniors volunteers by strengthening pathways to education and employment, removing barriers to service, and providing increases to the member living allowance to the equivalent of $13 per hour and volunteer stipend to $4.50 per hour so that service is a viable opportunity open to Americans of all backgrounds.
- Support targeted investments in historically underserved communities, build the agency’s evidence and evaluation capabilities and enhance AmeriCorps’ efforts to recruit a diverse corps that reflects the communities they serve.
- Make investments to support ongoing efforts to strengthen the agency’s financial management controls and processes, and more effectively steward federal resources.
- Increase funding for additional staff capacity; strengthen workforce diversity, equity, inclusion, and accessibility; build the evidence and evaluation capabilities; and invest in leadership training and development.
Building on the President’s strong record of fiscal responsibility, the Budget makes these strong investments that will build the economy from the bottom up and middle out. Further, the Budget reduces deficits by asking the wealthy and big corporations to pay their fair share.
