(Washington, DC) Today, the DC Government released the revised revenue estimates for the FY 2018-2022 District of Columbia Budget and Financial Plan. The forecast for local fund revenues is revised upward in FY 2018 by $77.5 million, and by $41 million in FY 2019. In response to the new estimates, Mayor Bowser released the following statement:
“Washington, DC is growing and so are our revenues. We have worked years to get the District to a place where we are consistently revising our revenue estimates upward, and for good reason—stronger revenues mean stronger services, stronger neighborhoods, and more pathways to the middle class. As our city continues to prosper, we remain committed to running a government that Washingtonians can be proud of and using our prosperity to better the lives of our most vulnerable residents.”