Date: July 24, 2003
Source: News Room
The administrative costs of federal regulation are budgeted to reach an all-time high of $30.1 billion in 2003, as more money is devoted to the environment, transportation security, and securities regulation, according to a new report issued jointly by the Weidenbaum Center at Washington University in St. Louis and the Mercatus Center at George Mason University. The budget request for 2004 suggests a slight decline from the 2003 peak to $28.9 billion. The largest increases in spending in 2003 were at the Environmental Protection Agency and the newly formed Department of Homeland Security. Both Homeland Security and the Environmental Protection Agency received over $1 billion in additional spending in 2003, over a 25 percent increase over 2002.
More information: www.mercatus.org, and www.csab.wustl.edu.
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