Posts Tagged ‘Office of the Chief Financial Officer’

What’s Next for D.C.’s Paid-Leave Proposal?

Councilmembers and experts weigh in on the future of what could be the most generous such program in the country.

How Much Would 16 Weeks of Paid Leave Cost D.C.?

At least $280 million per year, but perhaps as much as $1 billion.

Analysis: D.C. Relies a Lot on Fines and Fees For Revenue Compared to Neighbors

D.C. has ways to collect revenue other than taxes. But how much money are we talking about?

D.C. Restores Millions in Improperly Diverted Workers’ Comp Funds

In 2011 and 2012, D.C. improperly diverted $37.9 million from workers' comp to the city’s general budget.

District’s Personal Income Growth Was 55 Percent Greater Than U.S Average Between 2001 and 2012

D.C. residents' collective personal income increased by 88.1 percent between 2001 to 2012—55 percent greater than national gains over the same period, according to data by the U.S. Bureau of Economic Analysis.
In 2012, D.C.'s personal income, a measure of income from all sources, was $47.28 billion. D.C. earned a larger portion of its income from [...]

Judge Dismisses Eric Payne’s Lawsuit Against Natwar Gandhi Under Free Speech Law

Eric Payne is still suing the District government and Chief Financial Officer Natwar Gandhi (pictured above) for allegedly firing him over lottery contract whistleblowing,  but he won't be able to sue them for defamation. In a ruling yesterday, a Superior Court judge threw out Payne's defamation lawsuit by using D.C.'s anti-SLAPP law, which bars so-called "strategic [...]

City Stands Ground on Informer Ad Contract

The Office of the Chief Financial Officer really does not want to give that ad contract to the Washington Informer. They didn't award it after a protest, and they didn't award it after Mayor Vince Gray complained. And on Monday, the independent agency doubled down further on its refusal to classify the Informer as a [...]

D.C.: Informer‘s Ad Pitch Focused Too Much on Black Readers

D.C.'s Office of the Chief Financial Officer has released a statement on why the Washington Informer lost out on a city ad contract, which went to the Washington Times. According to the city, the Informer's argument that it could help the city reach black readers disqualified it as a "newspaper of general circulation."
Informer Publisher Denise Rolark [...]

Gandhi Tells Rhee That $34M Surplus ‘Does Not Exist’

Yet another 180-degree twist in the teacher contract saga.
Two days after Chancellor Michelle Rhee told D.C. Council members that she would pay for a groundbreaking teacher contract, in part, with $34 million in surplus funds, Chief Financial Officer Natwar M. Gandhi today posted a letter to Rhee telling her there is in fact no such [...]

D.C. Property Assessments By Neighborhood

Attention property owners! For your reading pleasure, here is the newly released assessment figures broken down by neighborhood. Until you get your personal tax bill, occupy yourself by crunching these numbers:
2011 Assessment for Residential Properties
Commercial data after the jump.

City Property Assessments Drop by 6 Percent

The assessed value of city property has dropped by about six percent since a year ago, the Office of Tax and Revenue announced this morning.
But the news might not be great for homeowners looking for a break on their upcoming tax bills: Most of the drop is due to falling commercial property values; residential properties [...]

D.C. Cigarette Tax Hike Fail

Allow LL to follow up on the new city revenue projections for a second. In his letter to the mayor and D.C. Council, Chief Financial Officer Natwar M. Gandhi informed them that a $.50 per-pack cigarette tax hike implemented last October has not gone as planned.
Because the increase, to $2.50, catapulted the District's rate over [...]