One in five District owners is delinquent in property taxes, according to city Chief Financial Officer Nat Gandhi. This startling stat was revealed last week in an Associated Press story, but the piece didn't get into the nitty gritty of just what happens next.
Well for a cautionary tale, look at Hagerstown, Maryland—the local county government [...]
The Convention Center Hotel, located at 9th Street and Massachusetts Ave.
"I want you to imagine a District of Columbia without a Verizon Center and a Convention Center," stated Ward 2 Councilmember Jack Evans. "It would probably look like Detroit."
"We are now spending records amounts of money in our school system. We are spending record amounts [...]
Property taxes! They just don't save city budgets like they used to.
The AP has a story out today about the District's $340 million two-year budget shortfall. One of the main culprits is undelivered property taxes—or as the city's Chief Financial Officer Nat Gandhi said:
Much of the latest shortfall comes from a $123 million [...]
