The fiscal year (FY) 2021 DC budget should raise sufficient revenue to address DC’s challenges and invest in things that build equitable, inclusive state economies—such as high-quality early learning and schools in all wards, affordable housing, human […]
The full Council should take over the Finance Committee’s tax policy role, since revenue decisions affect the ability to fund Council-wide priorities.
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Taxes, and tax laws more broadly, are our key tool for ensuring that everyone pays their fair share and that all DC residents can benefit from our city’s growing prosperity.
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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.
As the DC Council works on the FY 2020 budget, they should eliminate or scale back ineffective tax incentive programs, and use the savings to better fund urgent priorities such as housing and schools, according to a new DCFPI report.