This week, Moody’s Ratings downgraded slightly DC’s triple A bond status. In the face of federal threats and slowing revenue growth, DC lawmakers should make use of a key policy tool well within their control—the ability to raise revenue.
A recent analysis by the DC Fiscal Policy Institute shows 44.7% of all renters in D.C. are “rent burdened,” meaning they spend more than 30% of their income on rent. The statistics come from a one-year estimate from the U.S. Census Bureau’s American […]
“Two-thirds of our budget goes to education, to public safety, and to health and human services,” said Erica Williams, executive director of the nonprofit D.C. Fiscal Policy Institute. “And so there is no way to get through $410 million in cuts or a billion […]
An estimated 44.7 percent of District renters are “rent burdened,” meaning they pay more than 30 percent of their gross income to rent according to one-year estimates from the US Census Bureau’s American Community Survey (ACS). Rent burden among renters […]
“We’re taught as children, if we make a mistake, we own up to it, and we try to do better and right the wrong that we’ve caused. And what we saw is that the US House had that opportunity and chose not to right the wrong,” Mitchell said.
“What we face right now is a real scorched earth strategy from federal leaders, including federal government layoffs and the destruction of agencies,” said Erica Williams, the head of the D.C. Fiscal Policy Institute.
Meanwhile, Tazra Mitchell, chief policy and strategy officer for the nonprofit D.C. Fiscal Policy Institute, remains concerned that the House has yet to respond.
“D.C. is facing two $1 billion problems,” said Tazra Mitchell, the chief policy and strategy officer for the nonprofit D.C. Fiscal Policy Institute. “We have to first deal with this immediate threat of congressional interference, but also on the other […]
According to the DC Fiscal Policy Institute, 77% of those who need affordable housing in D.C. are extremely low-income, with only 39% of apartments available to those who fall into this category.
Erica Williams, the executive director of the DC Fiscal Policy Institute, called the bill “an extreme act of federal interference in local affairs.”