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Statement on December 2020 Revenue Estimates

Wednesday, December 30, 2020

(Washington, DC) – Today, the DC Government released the revised revenue estimates for the FY 2021-2024 District of Columbia Budget and Financial Plan. Estimated revenue is $461.8 million below budgeted revenue for the FY 2021-2024 financial plan period despite upward revisions of $320.1 million when compared to the September 2020 estimate. In response to the new estimates, Mayor Bowser released the following statement:

“While we end a year of such tragedy and challenge, it is hard to celebrate that our fiscal loss is less bad than we had feared. We still have healthcare workers exhausted from the burdens of the pandemic; families and individuals struggling to make rent and mortgage payments as well as paying for basic necessities; and small businesses contemplating how they will weather the winter months. However, this forecast shows that because of a strong fiscal foundation and steady stewardship throughout the response and recovery, we are resilient and we will get through this together to show that we are the District of Comebacks.”