"Under President Bush's fiscal 2007 budget request submitted to Congress today, agencies would receive an IT budget of $64.2 billion - a 3 percent increase over fiscal 2006.
In the budget, the administration said it will launch three new Lines of Business consolidation initiatives for IT infrastructure, budget formulation and geospatial investments.
The Budgeting LOB task force will identify opportunities for common automated tools to enhance agency and central processes, including promoting integration and standardization of information exchange, institutionalize budget and performance integration to align programs with their outcomes, and provide agencies with enhanced capabilities to analyze budget performance and financial information.
The Office of Management and Budget, as expected, named three Grants LOB Centers of Excellence—the Education and Health and Human Services departments, and the National Science Foundation. OMB expects the Grants COEs to help save more than $2.4 billion between 2008 and 2015. "