Officials with the D.C. mayor’s administration said the city is facing a $4 billion budget hole over the next four years, including a $700 million shortfall this year.
D.C. Mayor Muriel E. Bowser proposed a budget that addresses a gaping shortfall anticipated over the next four years. D.C. Mayor Muriel E. Bowser’s $21 billion budget will propose significant program cuts and some tax hikes to account for a gaping budget shortfall anticipated over the next four years,on Tuesday night, amounting to some of the most challenging fiscal terrain of Bowser’s tenure and for the District since the pandemic drastically shook up city finances.
Officials said the Circulator bus was not recovering the same pre-pandemic ridership as the broader Metro bus system, informing their decision to eliminate it. In last year’s budget proposal, Bowser proposed halving the Circulator’s service schedule to cut costs.As a third new revenue source, the city plans to impose a new fee on hotel bookings that would go toward expenses at the District’s widely scrutinized 911 call center, drawing about $7 million annually.
Those include $68 million for three major streetscape projects and $63 million for tax incentives to convert vacant or underused office spaces into residential or other uses.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Experts predict almost $700 million bump in D-FW from solar eclipseTexas is expecting to win nearly half a million dollars from the eclipse with Dallas County expected to be the state's biggest winner.
Read more »
MassDOT commits $700 million toward Cape bridges rebuildMassachusetts will commit $700 million in state funding toward the construction of two new bridges to replace the aging spans connecting Cape Cod to the mainland, officials announced Thursday.
Read more »
Eric Adams stops Texas bus company from sending more immigrants with $700 million lawsuitA Texas bus company is stopping its shipping of migrants to New York City after a lawsuit from Eric Adams cited their violation of the law.
Read more »
Eric Adams stops Texas bus company from sending more immigrants with $700 million lawsuitA Texas bus company is stopping its shipping of migrants to New York City after a lawsuit from Eric Adams cited their violation of the law.
Read more »
Shohei Ohtani Joining Los Angeles Dodgers, 10-Year, $700 Million ContractShohei Ohtani just announced he is a Los Angeles Dodger ... reportedly inking a massive 10-year, $700 million contract -- the richest deal in Major League Baseball and North American sports history.
Read more »
The 5 best laptops under $700 in 2024We've collected a list of some of our favorite budget laptops under $700 so that you don't have to go out and do the legwork.
Read more »