: News

Filed Under:

Recession Catches Up With D.C.

Play associated audio

By Patrick Madden

The District is facing a $175 million budget gap, that's according to the latest revenue projections for the city.

For a while, it seemed like D.C. really was “recession proof,” while neighboring states faced huge budget shortfalls and debated drastic measures like furloughs, the District seemed relatively well off.

But Chief Financial Officer Natwar Gandhi says after crunching the numbers for next year’s budget, it’s clear the national recession has finally caught up with the District.

He points to the huge drop in projected sales tax revenue.

“More than half of our sales taxes is tourism generated so the big decline is in sales tax of about $52 million,” says Ghandi.

The stock market is also down, and that’s affected how much the city collects in capital gains taxes.

District leaders will have to figure out how to fill the gap over the next two to the three months, and unlike previous budgets, Gandhi says its unlikely the city will be able to tap it’s rainy day fund to help cover the shortfall.

WAMU 88.5

The Role Of Music In Presidential Campaigns

Presidential candidates today frequently use popular pieces of music as campaign "theme songs"...often without approval from the musicians themselves. But using music on the campaign trail is not a modern phenomenon: it goes back to our earliest presidential elections. In the 1800s songs were used out of necessity: to reach potential voters who could not read. We investigate the history, evolution, and modern-day role of music in political campaigns.

NPR

From Dock To Dish: A New Model Connects Chefs To Local Fishermen

Prominent chefs are signing up for restaurant-supported fisheries: They commit to buying fresh-caught seafood, whatever the species, from local small fishermen. A pilot program launched in California.

WAMU 88.5

The Role Of Music In Presidential Campaigns

Presidential candidates today frequently use popular pieces of music as campaign "theme songs"...often without approval from the musicians themselves. But using music on the campaign trail is not a modern phenomenon: it goes back to our earliest presidential elections. In the 1800s songs were used out of necessity: to reach potential voters who could not read. We investigate the history, evolution, and modern-day role of music in political campaigns.

NPR

Yahoo CEO To Take Limited Leave After Giving Birth To Twins

NPR's Rachel Martin talks with Slate DoubleX Gabfest's Hanna Rosin about Yahoo CEO Marissa Mayer's decision to take just two weeks worth of parental leave after having twins in December.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.