DC Revenue Higher than Expected, But a Recession Still Looms
Although DC is not facing a budget shortfall as some expected, the CFO warns that the District is entering a moderate recession this year.
Although DC is not facing a budget shortfall as some expected, the CFO warns that the District is entering a moderate recession this year.
As the Mayor and the federal government escalate attacks on immigrants, DC should not overlook the many ways these residents contribute to the communities they live in and the local economy, including through their tax contributions toward DC’s shared […]
Testimony of Tazra Mitchell, Chief Policy and Strategy Officer At the Budget Oversight Hearing on the Department of Human Services DC Council Committee on Human Services
DC has been a national leader in promoting access to health care and health reform innovation, which has contributed to its very low uninsured rate of 2.7 percent, or the 2nd lowest rate in the nation. The mayor’s proposed financial plan will likely increase […]
Mayor Bowser’s new economic agenda funnels more than $1 billion to the corporate class and doubles down on ineffective strategies while stripping away legal protections for tenants and wages for workers.
Unless the US House takes action, DC will be forced to cut $1 billion from its current budget, in an attack on residents’ fundamental right to self-govern.
The US House of Representatives will vote Tuesday on a federal spending bill that could cut $1 billion from DC’s budget halfway into the fiscal year, likely leading to immediate and wide-ranging cuts to public safety, schools, and other critical programs, […]
Local revenues are expected to decline by more than $1 billion over the next three years compared to previous estimates, largely due to federal layoffs steep enough to throw DC into a mild recession, according to the Chief Financial Officer’s new revenue […]
Baby Bonds Could Help Close DC’s Outsized Racial Wealth Gap, But Only If DC Implements the Program and Restores Robust Design Features
By enacting a Business Activity Tax—a new, simple, broad-based value-added tax, DC would make business taxation fairer and more racially equitable while raising significant revenue for the District.