1. President sends budget to Congress to begin the 2015 Budgeting Process
President Obama sent his FY 2015 Budget request to Congress on March 4. Highlights of the budget request include student financial aid and tax provisions.
Within the student aid budget proposal, a total of $29 billion is allocated to fully fund the scheduled $100 increase to the Pell Grant maximum of $5,830 and fund other programs. Additional student aid program funding includes $7 billion over ten years for the College Opportunity and Graduation Bonus and a $10 million allocation to develop and refine the College Rating System.
The tax provisions within the 2015 budget request include a 28% cap on all deductions, including charitable donations. The budget will also allow tax-free loan forgiveness on the income-based repayment of student loans after 10 years of repayment, which would eliminate taxes on the forgiven loan amount.
For more information on President Obama's 2015 budget proposal, see NAICU's Washington Update, from March 7, 2014.
The Committee on Budget, co-chaired by Wisconsin Representative Paul Ryan, will review the budget proposal, once it is scored by the Congressional Budget Office. NAICU's Congressional Outlook for FY 2015 Budget synopsis provides additional information on the committee's next steps.
Regardless of whether or not the president's budget is adopted, his proposals will help to shape the ongoing debate in Congress related to the Reauthorization of the Higher Education Act.
2. Highlighting our Partnerships
Marquette University is a member of the Ad Hoc Tax Group, an informal group of universities and higher education associations that have a particular interest in federal tax policy and its impact on the higher-education community.
The Ad Hoc Tax Group is
led by two co-chairs, one from a public institution and one from a private institution. The current co-chairs are from the University of Texas at Austin and New York University.
Marquette University's membership in the Ad Hoc Tax Group via the Office of Public Affairs is an invaluable resource related to complex federal tax issues.
3. News Updates about our Neighborhood
Marquette University is located in the Westown, Avenues West and Menomonee Valley neighborhoods. The Office of Public Affairs has an important role in supporting and promoting the development and improvement of our surrounding community.
The following are recent media updates about our neighborhoods:
Milwaukee OKs money for North End riverwalk, dockwall work - The Business Journal, March 4, 2014
Bikeshare gears up to roll into three Milwaukee suburbs - The Business Journal, March 5, 2014
DNC's extensive requirements would have put strain on Milwaukee in 2016 - The Business Journal, March 6, 2014
Alderman Davis is thinking of running for mayor - Milwaukee Journal Sentinel, March 6, 2014
State, local officials prepare businesses for Zoo Interchange work - The Business Journal, March 7, 2014
About 1,200 tickets remain for March Madness in Milwaukee - The Business Journal, March 10, 2014
Couture bill passes Wisconsin Senate on 25-8 vote - The Business Journal, March 11, 2014
ManpowerGroup: Jobs outlook for metro Milwaukee heats up, among strongest in nation - The Business Journal, March 11, 2014
H2OScore founder expands utility monitoring application - The Business Journal, March 11, 2014
Larger turnout, SaveOurBucks, attend cultural task force session - The Business Journal, March 12, 2014
Women in Manufacturing chapter starting up in Milwaukee - The Business Journal, March 12, 2014
HUD letter, citing conflict, disqualifies Willie Hines from new job - Milwaukee Journal Sentinel, March 12, 2014
Stadium tax extension sideswipes arena funding option - The Business Journal, March 13, 2014
4. News Updates on Government Relations
The Office of Public Affairs monitors discussions relevant to higher education and the Marquette community within both the Wisconsin State Legislature and United States Congress.
The following are recent articles regarding higher education issues:
Student Loans Entice Borrowers More for Cash than a Degree - The Wall Street Journal, March 2, 2014
Taxing the Economic Engine: Higher Education v. 'The Town' - Huffington Post, March 3, 2014
Wisconsin bill that could target Common Core standards set for debate - Milwaukee Journal Sentinel, March 4, 2014
2015 Budget: White House Proposes Broader Debt Forgiveness for Students - The Wall Street Journal, March 4, 2014
Obama's Budget Proposes Incentives for Student Success- The Chronicle of Higher Education, March 5, 2014
College Board Shakes up SAT - The Wall Street Journal, March 5, 2014
Cash is Still King - Inside Higher Ed, March 6, 2014
Camp Suggests Separating Tax Change from Revamp - Bloomberg, March 6, 2014
New White House Task Force and Negotiated Rulemaking Group Focus on Campus Sexual Assault Policies - NAICU, March 7, 2014
NAICU Comments on IRS Regulations - NAICU, March 7, 2014
Susan Teerink selected as the WASFAA President - WASFAA, March 12, 2014
Why We Need College Ratings - Inside Higher Ed, March 13, 2014
Menomonee Valley Walking Tours - 1st and 3rd
Wednesday per month
Milwaukee County Winter's Farmer Market
Most Saturday's through April 9
Martial Arts with Above the Cloud at the Urban Ecology Center
January 15 - May 28
48th Annual St. Patrick's Day Parade
Avenues West Association Luncheon
Coverage of Government and Elections in the Age of Digital Media
"Cultivating Compassion in Daily Life" with Ven. Thubten Chodron
Women and Ordination in Tibetan Buddhism
Prospect Avenue Mansions
$3 TOURS- Captain Pabst's Birthday
Pabst Trivia Night
Fifth Annual Health Care Forum - Infant Mortality in the Milwaukee Community
9th Annual Red Shawl Gala
More Milwaukee events
Avenues West Association
Les Aspin Center for Government
Submit your idea about Menomonee Valley Planning 2.0
Milwaukee Police Department District 3 Contact Guide
Milwaukee Neighborhood News Service
Office of Public Affairs
Public Policy Forum
Office of Research and Sponsored Programs
WisDOT I-94 Corridor Study
University Policy on Federal Government Lobbying