Nashville City Paper: "'Bleak' forecast for nonprofits
By Judith R. Tackett, jtackett@nashvillecitypaper.com
February 20, 2005
Local nonprofit organizations are being warned that federal budget cuts will paint a �frighteningly bleak� picture for future grants.
OMB Watch, a nonprofit federal budget watchdog based in Washington, D.C, said President Bush�s proposed budget for Fiscal Year 2006 was �frighteningly bleak for nonprofit groups and the people and causes they serve.�
The watchdog group is specifically talking about proposed cuts in domestic discretionary funds, which could be as high as 8.7 percent. In monetary terms, that would mean estimated cuts of $137 billion."
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