D.C. Finance Chief Puts Damper On Brown's Budget | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

D.C. Finance Chief Puts Damper On Brown's Budget

Play associated audio

In order to balance D.C.'s budget without raising taxes or making deep cuts to services, Council Chairman Kwame Brown proposed a plan that seemed to please everyone on the council. He wants to use the expected uptick in revenue that's been predicted for later this summer, a figure that's been pegged at anywhere from $20 to $90 million.

But the revised estimate arrives after D.C. signs off on its budget, so the chairman has been drawing up plans on how to spend the new money.

Now the city's' Chief Financial Officer, Natwar Gandhi is throwing some cold water on the idea. He says while the maneuver is legal, it may not be the best idea to budget with money that may or may not be there.

Gandhi, in a letter to council members, says the economic outlook remains uncertain and recommends waiting until the September estimates come in and give everyone a clearer picture of what's in the city's coffers.

He cites a slowing economic picture nationally, pointing out that while there was robust growth in the last half of 2010, "real GDP growth slowed to 1.8 percent in the first quarter of 2011."

Rather than doling out the theoretical revenue now, Gandhi says that the Council could go back to Congress in September to amend its budget once the final totals are in.

The council does not have a lot of time to consider the suggestion; the first vote on Brown's budget plan is scheduled for later today.

D.C. CFO Letter To City Officials On Proposed FY2012 Budget
NPR

How Tinseltown Got Tipsy: A Boozy Taste Of Hollywood History

Mark Bailey, who detailed old Hollywood's legendary love affair with liquor in his book Of All the Gin Joints, shares stories from a bygone era over cocktails at a legendary Hollywood bar.
NPR

Want To Enhance The Flavor Of Your Food? Put On The Right Music

Researchers at the University of Oxford have discovered a link between what you taste and what you hear.
NPR

North Korea Has An Interesting Offer. And Another Threat

The secretive regime denies any involvement with the Sony Pictures hack and says the U.S. must allow it to help find the real culprit. Or else.
NPR

Hollywood Pros Fear A Chilling Effect After Sony Bows To Hackers

Some in the entertainment industry are wondering if they'll have to be careful now about the stories they tell or the jokes they make in the wake of Sony's withdrawal of The Interview.

Leave a Comment

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