Councilmembers and experts weigh in on the future of what could be the most generous such program in the country.
Posts Tagged ‘Office of the Chief Financial Officer’
At least $280 million per year, but perhaps as much as $1 billion.
D.C. has ways to collect revenue other than taxes. But how much money are we talking about?
In 2011 and 2012, D.C. improperly diverted $37.9 million from workers' comp to the city’s general budget.
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 [...]
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 [...]
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.'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 [...]
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 [...]
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.
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 [...]
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 [...]