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OMB outlines budget, grants and bond activities; highlights $695M in debt savings since 2020
Summary
Office of Management and Budget described its structure, grant activity, federal funding received since 2020, and bond-team savings; staff highlighted improved ratings and the need to separate enterprise and non-enterprise budget reviews.
David Klotfelter, director of the Office of Management and Budget (OMB), briefed the committee on May 15 on OMB’s structure, operational priorities and recent finance activity.
Klotfelter said OMB has 111 positions in its budget and a FY budget of roughly $60.4 million and that its work spans operating and capital budget preparation, grant coordination and bond issuance analysis. He said OMB’s grants coordination team has helped…
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