District Financial Audit Shows Stratified Economy, but in a Strong Financial Position to Address Budget Deficit
The District is building up large budget surpluses and reserves while tens of thousands of residents and many small businesses are suffering, according to an annual audit of DC’s finances released last week.
DC’s Reserves Are Poorly Designed for a Rainy Day
[…]
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.
How the Mayor Can Better Leverage the Bridge Fund
The COVID-19 pandemic continues to wreak havoc on the District’s residents and economy, bringing into focus why this once-in-a-lifetime crisis requires innovative and creative solutions.
Remembering Our Neighbors Who Died While Homeless
Anthony Denico Williams, just 20 years old, died on Jan 26th. His friend said he was “someone who would give you the shirt from his back.” Unfortunately, Anthony was not alone.
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 […]
