The District is building up large budget surpluses and reserves while tens of thousands of residents and many small businesses are suffering, according to an annual audit of DC’s finances released last week.
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On November 9th, the DC Council will hear testimony on the Rent Stabilization Program Reform and Expansion Amendment Act of 2020, which, if passed, would implement the first major comprehensive reform to the District’s rent control laws since they were […]
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DC Council’s budget has significant shortcomings even with modest revenue increases, largely because Council failed to put forward a truly bold revenue strategy in the face of a $1.5 billion revenue shortfall.
On Tuesday, The DC Council cast the first of two votes on their fiscal year (FY) 2021 budget, which moves the District’s fiscal policy and investments in the right direction.
Last week, DC Council committees voted on changes—or “markups”—to the Mayor’s proposed Fiscal Year (FY) 2021 budget, which failed to adequately meet the spike in human needs resulting from the current economic downturn and pandemic.
