As a former city administrator for the District of Columbia, this is the most difficult time in history in which to propose a budget. But D.C. Mayor Muriel Bowser submitted a balanced budget during a global pandemic that avoids major program cuts and new taxes — it is an A+ budget because it does just that and is transparent, balanced, fair and increases and/or mostly maintains spending in important areas of social and economic development. In particular, the budget increases funding for public schools and maintains a strong commitment to affordable housing and infrastructure to help the city equitably and quickly recover from the effects of Covid-19.
Budgets are a time of compromise.
In good times, the past five years in particular, a budget is a compromise of sharing the harvest of increased tax revenues. The District has done that, increasing funding for many social programs including annual funding for the Housing Production Trust Fund, which has been increased to over $100 million…Read the full story from the Washington Business Journal.