The COVID-19 Recession is DC’s Rainy Day, but Reserve Rules Limit its Response
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The District’s economy and tax collections are doing somewhat better than projections in September, but very substantial financial challenges remain, especially this year and next, according to the CFO’s December 30th revenue forecast.
A lawsuit scheduled to go before the Supreme Court next month could repeal the Affordable Care Act (ACA) and leave 40,000 District residents without health coverage, nearly doubling the share of residents who are uninsured, a new analysis from the nonpartisan […]
A deeper-than-expected drop in District revenue, due to the pandemic-ravaged economy, could mean budget cuts to education, child care, health care, and other vital services.
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Incomes rose and the official federal poverty level (FPL) declined in 2019, according to new American Community Survey Census data released this week.
With tens of thousands of DC workers laid off and the ongoing spread of COVID-19 limiting economic activity, a substantial number of DC households are struggling to afford food and pay rent. O
Yesterday, DC Council approved an $8.6 billion local budget. Although we’re in the middle of a global pandemic and recession that is deepening entrenched economic and racial inequities, it fails to adequately rise to what the times require.
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.