With details still scarce, Mayor Adrian M. Fenty's budget proposal holds sacred education and public safety, while finding sundry service cuts and fee hikes to close an approximately $550 million budget gap.
The budget proposal eliminates 385 full-time equivalent positions; a Fenty official estimated than one-half of those positions are already empty, the other half will [...]

In what's become a quarterly tradition around these parts, Chief Financial Officer Natwar M. Gandhi announced this afternoon that projected city revenues over the next few years are again being revised downward.
The bottom line: The mayor and council have to find at least $190 million to balance this year's budget, which runs until Sept. 30. [...]

Not a lot of folks are getting good news from Wall Street these days, but the District got a little something nice today.
The Office of the Chief Financial Officer is announcing this evening that Standard & Poor's, one of three outfits that rate municipal debt, has given the District a "AAA" rating on a recent [...]