President Trump Budget Request Seeks $150 Million for Tech Modernization Fund
President Donald Trump’s fiscal 2020 budget request seeks $150 million in new funding for the Technology Modernization Fund, which provides seed money to governmentwide IT projects that agencies are ultimately expected to pay back. So far, TMF has funded seven projects totaling close to $90 million of the total $125 million Congress authorized for the program. The president’s request for more TMF funding is far from a certainty. Appropriations for TMF were only authorized through the 2018 and 2019 budgets through the Modernizing Government Technology Act.