May 15, 1995 -

A House and Senate conference committee agree on a budget-cutting bill that reduces CPB’s advance-funded appropriations for fiscal years 1996 and 1997 to $275 million and $260 million, respectively. The rescissions trim 12 percent and 17 percent from amounts Congress had appropriated previously under the normal two-year forward funding process. CPB funding for 1998, to be set in the annual appropriations process, is yet to be determined.