In the News

President's Fiscal Year 2025 (FY25) Budget Released

March 12, 2024   Waterways Council

View Source

Breaking News Logo

March 11, 2024          




Today, the President released the Fiscal Year 2025 (FY25) budget that requests $7.22 billion for the U.S. Army Corps of Engineers’ Civil Works program, down from FY24’s request of $7.413 billion.


Budget details below:


Construction account: $1.986 billion, which is a 3% decrease from the FY24 request of $2.02 billion.

  • Out of the (at least) $150 million balance from the Inland Waterways Trust Fund (IWTF) available in FY25, $0 was provided for ongoing and new Construction and Major Rehabilitation projects. A repeat of FY24’s budget request, this remains a major disappointment.

Operations and Maintenance (O&M) account: $4.16 billion, with $2.47 billion for all Corps Mission areas except ones funded by the Harbor Maintenance Trust Fund (HMTF); $930 million is for inland waterways O&M and $1.73 billion is derived from the HMTF. This represents a $150 million decrease from FY24’s request of $4.31 billion.

  • Some inland ports receiving dredging money that were hit hard during low- water last year include:
    • Greenville Harbor: $1,334,000
    • Memphis Harbor: $2,436,000
    • Vicksburg Harbor: $1,045,000
    • Osceola Harbor: $656,000

Investigations account: $110.59 million, a decrease of $19.2 million from what was provided in the FY24 President’s Budget of $129.8 million.


The FY25 Corps’ Civil Works Budget press book with detailed information about the Budget is available for more detail.











Reverse Logo (1)

Waterways Council, Inc., 499 S. Capitol Street SW, #401, Washington, DC 20003, 202/765-2166

Unsubscribe Manage preferences