Lawmakers must use this pivotal moment to reform DC’s tax code and advance racial equity. To create a strong and just recovery and better future, these reforms must include higher income taxes on the wealthiest residents.
Doni Crawford, senior policy analyst at the D.C. Fiscal Policy Institute, said local activists helped craft the legislation, and successfully pushed it to the top of the council’s agenda: “It’s definitely a really big step forward,” Crawford said.
A 2020 study from the D.C. Fiscal Policy Institute found that nearly a third of people experiencing homelessness in the District say incarceration played a role in their housing struggles.
“My biggest concern is just the process DCPS will use to communicate to schools that they now have access to this [$14 million] funding and can indeed use it to stabilize staff,” Qubilah Huddleston, an education policy analyst at DCFPI, told The 74.
McDuffie contends the District government-sponsored trust funds could solve the District’s growing racial wealth gap. In which white families have 81 times the wealth of black families according to the DC Fiscal Policy institute.
The money is a relief for many communities, but questions remain, said Qubilah Huddleston, a policy analyst for the the think tank D.C. Fiscal Policy Institute.
Washington, D.C.’s wealthiest residents pay a lower share of their earnings in D.C. taxes than its middle-income residents, a recent report published by the D.C. Fiscal Policy Institute found.
The Housing Production Trust Fund, the District’s largest fund for creating affordable housing, is expected to receive $263 million as a result of a budget surplus.
Eliana Golding, a housing policy analyst at the DC Fiscal Policy Institute, said she would be hesitant to draw conclusions about IZ’s effects on the overall market without knowing the specifics.
We’re thrilled to welcome Erica Williams as the new Executive Director of the DC Fiscal Policy Institute. In this role, she will lead the team in achieving its mission to promote opportunity and widespread prosperity for all residents of the District of […]
