D.C. Restores Reserves After Government Shutdown | WAMU 88.5 - American University Radio

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D.C. Restores Reserves After Government Shutdown

The city spent more than $148 million out of its contingency cash reserves during the 16-day shutdown to keep the city running. That left a little more than $1.5 million in the fund.

The district's Office of the Chief Financial Officer says that $148 million has been put back into the fund, restoring its starting balance of just under $150 million.

The city was prepared to tap additional reserves once the contingency fund ran out, but that didn't prove necessary.

The city also lost tax revenue during the shutdown, and it won't be reimbursed for picking up trash on National Park Service property.

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