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D.C. Financial Report Shows Surplus in 2020 as Budget Season Begins

The District ended fiscal year 2020 in a strong position. In the year of our lord 2020, the pension and retiree health care trust funds remained fully funded, and the city continued to have a AAA bond rating, so there is no risk of being managed by a federal Control Board. The District ended the fiscal year in September with $1.4 billion in its rainy day fund. This level of reserves equates to 60 days of operating cash that officials could use during an emergency.
The good news comes from the Office of the Chief Financial Officer. The office’s financial report and testimony to the Council on Wednesday kicked off the budget season. The mayor’s FY 2022 budget is due March 31. ....

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D.C. Council overrides Mayor Muriel Bowser's veto on DCRA breakup - Washington Business Journal

D.C. Council overrides Mayor Muriel Bowser's veto on DCRA breakup - Washington Business Journal
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