Testimony of Kate Coventry At the Budget Oversight Hearing on the Department of General Services
By Kate Coventry • April 4, 2019 • Affordable Housing & Ending Homelessness / Homelessness
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The total proposed for budget for IDA is $3.3 million, a decrease of just over $1 million from FY 2019. It also is well below the peak budget of $10.9 million in FY 2009.
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Modifying or eliminating ineffective economic development tax incentives would free up revenues to address priorities in the FY 2020 budget, including schools and affordable housing.
Modifying or eliminating ineffective tax expenditure programs would be good public policy and would free up revenues to address priorities in the FY 2020 budget.
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DCFPI’s key takeaways from the Mayor’s proposed fiscal year (FY) 2020 budget