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Gandhi: D.C. revenue is down

Chief Financial Officer Natwar M. Gandhi, as expected, delivered bad news about the city's economy Wednesday with his latest revenue estimates. Income taxes, real estate taxes and collections from licenses and permits are all down.

In a letter to the mayor and council chairman, Gandhi outlined his grim outlook, explaining that the city will begin feeling the pain of a downturn in the real estate market. He said there is a two-year lag that is now being realized.

Here is his letter:

DC Revenue Estimate.pdf

-- Nikita Stewart

By Anne Bartlett  |  December 16, 2009; 4:19 PM ET
Categories:  Budget , City Finances , Nikita Stewart  
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Comments

Did I read this right? Is the District actually spending $50 million, thats million, on Nationals Stadium? How much of this is offset by the jobs created by the stadium? Not much I bet.

Posted by: Jimof1913 | December 16, 2009 5:23 PM | Report abuse

Revenue is down? What a shock!

The solution is clear:

1. Give substantial bonuses to high-performing DC government employees. This will increase productivity so much, DC will be able to get by with many fewer employees, thereby saving tax dollars.

2. Pay for a new Redskins football stadium in DC with taxpayer dollars. This will spark enormous nearby development and generate fantastic tax revenues virtually forever -- just as has happened with the Nationals' stadium.

3. Purchase luxury boxes for use by DC public officials at sports arenas. This will allow our public officials to mingle with developers in a friendly atmosphere so our public leaders can wring every conceivable benefit from projects for DC residents.

4. Hire more teachers (as we fire more teachers) as public school enrollment drops.

5. Give away fire equipment to friends of DC employees in other countries. This will save on maintenance costs.

6. While we're on the subject of the DC Fire Department, have fire cadets serve as waiters for Councilman Graham's receptions. I'm not exactly sure exactly sure what benefit this will have for DC taxpayers, but I'm sure Councilman Graham can explain it to us.

7. Have well-connected contractors do work on Chairman Grey's residence without the required permits. This will set a precedent so contractors will do this for all DC residents. The reduction in permit revenue will be more than offset by the excellent workmanship.

8. Have DC police stop or slow traffic on our streets so Mayor Fenty can ride his bike. This will keep him fit and safe so he can continue all the great work he does for our city.

9. Have the DC Housing Authority run $1 million+ parks and recreation projects to avoid Council oversight. This will speed up construction and increase quality.

10. Encourage DC police to arrest, detain and hog tie peaceful protestors. This will reduce the number of peaceful protests and save on future DC police protection needs. Multimillion dollar settlements will be handled in future years so we don't need to worry about them now.

11. Have DC police blockade certain high crime neighborhoods so people will have to go through checkpoints to go home, go to work, visit friends and relatives, shop, or go sightseeing. This will build strong community goodwill towards our police department and ultimately lead to lower crime.

This list is not meant to be exclusive. I hope others can add to it and further the savings DC residents can save to offset the decline in revenues Dr. Gandhi is forecasting.

Posted by: DCResident22 | December 17, 2009 9:46 AM | Report abuse

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