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USPTO Submits its Fiscal Year 2015 Congressional Budget Justification
Guest Blog by Chief Financial Officer Tony Scardino
I’m pleased to announce that the USPTO has published its fiscal year 2015 Congressional Budget Justification. The USPTO budget is formulated every year to gain access to our agency’s operational funds. Each year the USPTO submits a budget justification to Congress, through the Department of Commerce.
Our FY 2015 budget documents our requirements to aggressively continue reducing patent application pendency and backlog in order to help bring innovations to the marketplace and create jobs for the American people. It also enables us to continue maintaining trademark application pendency; implementing the America Invents Act (AIA); providing domestic and global intellectual property leadership; and modernizing our information technology (IT).
In FY 2015, the USPTO expects to collect $3.4 billion in fee revenue, which is derived primarily from patent and trademark fee collections. These collections will cover our total spending requirements and allow us to grow our operating reserve.
Our FY 2015 projected spending of $3.2 billion will support 13,203 full-time-equivalent patent, trademark, and related support positions, including 9,013 patent examiners.
Here is what we will be able to do in FY 2015 under this budget:
The FY 2015 Congressional Budget Justification proposes how the USPTO wishes to expend its funds in the upcoming fiscal year. I hope you find value in the purpose of this document, and that it allows you to glean greater insights into the agency’s activities and achievements.
Posted at 05:01PM Mar 13, 2014 in USPTO |