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New CBO Reports: Monthly Budget Review, Impact of Unauthorized Immigrants on the Budgets of State and Local Governments, Cost Estimate for Energy Independence and Security Ac

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  • Monthly Budget Review, December 2007: “The federal budget deficit was $157 billion during the first two months of fiscal year 2008, CBO estimates, $35 billion more than the shortfall recorded through November of last year. Close to half of that difference is the result of shifts in the timing of certain payments and a difference in the number of business days. Adjusted for those factors, the increase in the deficit would amount to about $16 billion, CBO estimates.”
  • The Impact of Unauthorized Immigrants on the Budgets of State and Local Governments, December 2007: “According to available estimates, there are about 12 million unauthorized immigrants in the United States. Federal, state, and local governments spend public funds that benefit those immigrants, and those immigrants pay individual income, sales, and property taxes. Most available studies conclude that the unauthorized population pays less in state and local taxes than it costs state and local governments to provide services to that population. However, those estimates have significant limitations; they are not a suitable basis for developing an aggregate national effect across all states. This paper…focuses on the estimated costs that certain state and local governments incur for providing various services—especially those related to education, health care, and law enforcement—to unauthorized immigrants. It also looks at the estimated
    taxes those individuals pay and at certain types of federal assistance that are available to states to help provide such services. In keeping with CBO’s mandate to provide objective, nonpartisan analysis, the paper makes no recommendations.
  • Cost Estimate for H.R. 6, Energy Independence and Security Act
    December 5, 2007    : “…CBO estimates that enacting this legislation would increase direct spending by $2.9 billion over the 2008-2017 period. In addition, CBO estimates that the legislation would increase revenues by $3.2 billion over the 2008-2017 period.
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