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$1.24 billion was the record annual federal funding request the Smithsonian Institution filed for fiscal year 2024, up $130 million from the $1.11 billion it submitted in fiscal year 2021.
The Trump administration's proposed budgets for fiscal years 2026 and 2027 would push that figure below $1 billion, a threshold the institution has cleared every year since fiscal year 2020, according to a Fox News Digital analysis.
A 162-page White House reform report and executive actions accompany the proposed cuts.
Budget trajectory, FY2021 to FY2027 Smithsonian annual federal funding requests rose steadily through the Biden administration, from $1.11 billion in fiscal year 2021 to the $1.24 billion record in fiscal year 2024.
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