DC’S Fund Balance Remains Larger Than Most States: Current Proposals to Rebuild DC’s Reserves May Overly Restrict DC’s Ability to Respond to Ongoing Budget Needs
By Jenny Reed • June 8, 2010 • Revenue & Budget
DC’s fund balance — essentially the city’s savings account — has declined in recent years, after rising in the early 2000s. This has raised concerns among policymakers and has spurred new proposals in the FY 2011 budget to […]