President Trump's proposed budget will increase Homeland Security spending 6.8%, or $2.8 billion, to $44.1 billion, including an additional $4.5 billion for border security initiatives.
The budget will allocate $314 million to recruit, hire and train 500 new Border Patrol Agents and 1,000 new Immigration and Customs Enforcement law enforcement personnel.
The budget cuts FEMA funding by $667 million while also proposing the establishment of a 25% non-Federal cost match for FEMA preparedness grant awards.
Law enforcement stocks were mixed Thursday morning. Body camera maker Digital Ally (DGLY) - Get Digital Ally, Inc. Report was up 1.44%, law enforcement data information system manager COPsync (COYN) was down nearly 3% and video and radar processing product manufacturer Image Sensing Systems (ISNS) - Get Image Sensing Systems, Inc. Report was up more than 3%.
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