In the News

March 11, 2024          

PRESIDENT’S FISCAL YEAR 2025 (FY25) BUDGET RELEASED

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.