DCFPI’s Appreciation of Dr. Gandhi

February 1st, 2013 | by DCFPI

DCFPI would like to thank Dr. Natwar Gandhi, DC’s Chief Financial Officer, for his fifteen years of service to the District of Columbia. During his tenure, the District made significant strides in developing a sophisticated financial management system that has contributed greatly to keeping the city’s financial health strong.   

Dr. Gandhi has much to be proud of. Under his leadership, for example, the Office of Budget and Planning developed an online tool to help the public access budget information quickly, which is extremely important to anyone interested in how the city spends its resources. The Office of Revenue Analysis began sharing information on the long-term fiscal impact of proposed legislation, to help uncover when proposed legislation had been designed to hide costs by pushing those costs into the out years. And at Dr. Gandhi’s suggestion, the District has set a 12 percent cap on the portion of the city’s budget that can be used for debt service. Without a cap, there are no constraints with regards to debt-financed projects, and projects were often done on a first come, first served basis. Now, policymakers must make choices and set priorities over the use of economic development resources. 

We are grateful for your service, Dr. Gandhi, and wish you much success in your future endeavors!

One Response to “DCFPI’s Appreciation of Dr. Gandhi”

  1. [...] After more than 13 years, the District’s “supreme bean counter” is calling it quits. On Friday, Natwar M. Gandhi made official what had been rumored for some time, stepping down from his post as chief financial officer. The District earned record-high bond ratings and built solid surpluses under his reign, but his management of finance department minutiae came into question on several occasions — after the 2007 discovery of the Harriette Walter theft and, more recently, after it was alleged he’d covered up critical internal audits. As for the timing, Gandhi goes out on a high note, announcing his departure days after unveiling a $417 million budget surplus. As Jim Dinegar, chief executive of the Greater Washington Board of Trade, put it: “I guess if I’m in his shoes, it’s, ‘Here’s a $400 million surplus — thank you very much, don’t forget to tip your waitress.’” More from Loose Lips, AP, DCist, WBJ, Examiner, Washingtonian, WAMU-FM and DCFPI. [...]