DC’s Revenue Picture is Improving but Substantial Financial Challenges Remain
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.
The District Must Enact Revenue Options to Thwart Deepening Income Inequality
The District should do more to fund services for struggling residents, including raising taxes on our highest-income residents and big businesses, to support economic stability that benefits the city.
Black Workers in the Grip of the Recession—Declining UI Trust Fund Could Cause More Harm
The pandemic has a particularly tight grip on Black people, as its devastation, in part, thrives on racial and economic inequality. As many as 72,000 workers—mostly Black—are receiving unemployment insurance (UI) benefits or awaiting approval from the DC […]
Comprehensive Rent Control Reform Would Stabilize Housing for Thousands of DC Families
On November 9th, the DC Council will hear testimony on the Rent Stabilization Program Reform and Expansion Amendment Act of 2020, which, if passed, would implement the first major comprehensive reform to the District’s rent control laws since they were […]
Enrollment Drops in DC Schools Could Signal Long-Term Racial Opportunity Gaps
In DC and around the country, public school enrollment has declined as a result of the COVID-19 pandemic. This could lead to learning loss long-term harm to students’ economic well-being. Enrollment declines could also have significant fiscal implications […]
ACA Repeal Lawsuit Would End Health Coverage for 40,000 DC Residents, New Data Show
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 […]
5 Things You Should Know about the District’s Latest Revenue Forecast
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.
Before the Pandemic, DC’s Economy was Booming, but COVID-19 is Increasing Hardship
Incomes rose and the official federal poverty level (FPL) declined in 2019, according to new American Community Survey Census data released this week.