D.C. expecting $45 million surplus in 2012

D.C. expecting $45 million surplus in 2012
Washington Business Journal, Date: Thursday, December 22, 2011, 6:50am EST

D.C. is looking at a $45 million surplus for the current fiscal year before the numbers turn negative in the face of uncertainty over the federal budget, according to new revenue estimates generated by Chief Financial Officer Natwar Gandhi.

D.C. Councilman Jack Evans, chairman of the finance and revenue committee, said the welcome surplus for fiscal 2012 doesn’t last long. In fiscal 2013, Gandhi is projecting a $69 million deficit — and the budget hole grows to more than $100 million by 2015.

Kevin Wrege, Esq.

Founder & President

Pulse Issues & Advocacy LLC

Office: 202-625-1787

Mobile: 202-253-4929

4410 Massachusetts Ave., NW, #150

Washington, DC 20016

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