Administration’s FY 2027 budget repeats cuts desired in R&D and economic development
The Trump Administration’s FY 2027 budget request, submitted to Congress on April 3, bears considerable resemblance to its FY 2026 request with proposals to cut funding for many of the agencies and line items of most interest to the state and regional innovation community. Congress approved a FY 2026 budget that in most ways mirrored previous years’ allocations for TBED-related programs and priorities, such as R&D.