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

Meet London's Master Architects In Jell-0

London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.
NPR

Meet London's Master Architects In Jell-0

London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.
NPR

Obama Forgets To Salute; Sparks Debate On Presidential Tradition

The presidential salute actually breaks with military decorum and was started by Ronald Reagan in 1981.
NPR

Google Reportedly Faces FTC Antitrust Probe Over Display Ads

The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.

Leave a Comment

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