Using Future Revenues to Build a Pay-Go Account May Force the District to Cut the Budget for Current Services, and Will Likely Not Reduce Borrowing as Intended
By Jenny Reed • June 11, 2010 • Revenue & Budget
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DC’s fund balance — essentially the city’s savings account — has declined in recent years, after rising in the early 2000s. This has raised concerns among policymakers and has spurred new proposals in the FY 2011 budget to […]
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