WAMU 88.5 : Morning Edition

Filed Under:

D.C. To Determine What To Do With Estimated $400M Surplus

Play associated audio

D.C. officials are weighing how to handle an expected $400 million budget surplus from the 2012 fiscal year.

D.C. Councilman Jack Evans wants any surplus should be added to the district's rainy-day fund to build its balance toward $1.6 billion. The city already has $1.2 billion in cash reserves. Adding another $400 million to the D.C. savings account would place the that account among the top 10 in the nation, if it were a state, the Washington Examiner reports.

Norton Francis, a researcher at the Urban-Brookings Tax Policy Institute tells the Associated Press that $1.6 billion is a little high for normal times, unless there's a serious threat to a state's revenue. The reserve fund can help protect the city if there's a sudden downturn or cut in federal spending.

NPR

'Rolling The R's' Is A Story About Coming Of Age And Coming Out

Rolling the R's tells the stories of restless teenagers in the disco era in a gritty neighborhood in Hawaii. Author R. Zamora Linmark discusses the book's impact, 20 years after it first came out.
NPR

'Sweetbitter' Is A Savory Saga Of Restaurant Life And Love

Oysters, cocaine, fine wine, love triangles: Stephanie Danler's debut novel Sweetbitter follows a year in the life of a young woman working at a top-tier Manhattan restaurant.
NPR

Trump Rolls Into Washington For Biker Rally

The presumptive Republican nominee for president addressed Rolling Thunder, the annual gathering of motorcyclists, on Sunday. The group seeks to raise awareness of veterans' issues.
NPR

After Breast Cancer Diagnosis, She Channeled Her Ups And Downs Into Texts

NPR's Scott Simon talks with Natalie Sun about her project, textingwithcancer.com. The website won a Webby award, and documents her pessimism and optimism while undergoing chemotherapy.

Leave a Comment

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