Posts Tagged ‘deficit’

The Needle: Riggo Safari Edition

Millions and Millions: A month ago, Mayor Vince Gray’s team released their new, terrifying estimate of the budget gap facing the District in fiscal 2012: $600 million. But today, chief financial officer Natwar Gandhi declared the actual shortfall will be $312 million. The difference, apparently, is due to higher than expected tax revenue from commercial properties; [...]