D.C. Mayor Muriel Bowser is calling for tax increases and deep cuts to social programs to offset downtown revenue losses in the budget she presented Wednesday to the D.C. Council.
District of Columbia Mayor Muriel Bowser speaks during a news conference in Washington, Wednesday, Dec. 13, 2023.
She proposed canceling $300 million of the District’s budget deficit through tax hikes. That includes boosting the general sales tax from 6% to 6.5% in fiscal 2026 and to 7% in fiscal 2027, which would net the city a projected $100 million a year. In brief remarks before the mayor’s presentation, Chief Financial Officer Glen Lee said that inflation is projected to outpace annual revenue growth over the next few years. He attributed that to pandemic-era remote work driving down commercial property values, Metro ridership numbers and sales tax revenue0.
“It is an economic issue, it is a workforce issue,” said Ms. Henderson, her voice breaking with emotion. She criticized the proposal for making “slow, half-percent increases to the sales tax” rather than “bold changes” to the city’s revenue system.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2025 Toyota 4Runner, 2025 Audi Q7, 2025 Volvo EX30: The Week In ReverseThe 2025 Toyota 4Runner received a teaser, the 2025 Audi Q7 received a fresh face, and we drove the 2025 Volvo EX30. It's the Week in Reverse, right here at Motor Authority. The teaser campaign for the 2025 Toyota 4Runner kicked off. Toyota posted an image revealing part of the iconic SUV's new design.
Read more »
2025 Audi Q6 E-Tron, 2025 Infiniti QX80: This Week's Top PhotosAudi's newest EV, the redesigned QX80, and Ferrari's next V-12 GT all made headlines today.
Read more »
2025 Polestar 3, 2025 Mercedes-AMG E 53: This Week's Top PhotosPolestar's mid-size SUV, AMG's latest hybrid, and Nissan's GT-R all made headlines this week.
Read more »
2025 Mercedes-AMG E 53, 2025 Porsche Taycan Turbo GT: Today's Car NewsThe redesigned AMG E 53, the Taycan's new flagship, and an updated Rolls-Royce Ghost all made headlines today.
Read more »
DC Mayor Muriel Bowser signs omnibus crime bill in to lawMayor Muriel Bowser signed off on the sweeping Secure D.C. legislation as the District aims to curb crime.
Read more »
Bowser unveils 2025 budget plan with emphasis on cuts: ‘This is a critical time’Muriel Bowser addressed City Council members on Wednesday afternoon after publishing the city's fiscal 2025 budget, with budget cuts garnering strong reactions.
Read more »