DC braces for $1 billion deficit from federal workforce cuts

[Anonymous]

With more RTO will be a bonanza for porch pirates.

[Anonymous]

Anonymous wrote:"The Trump administration’s cuts to the federal workforce are expected to result in a $1 billion deficit over the next three years, the report estimates."

https://wjla.com/news/local/federal-workforce-cuts-doge-economy-washington-dc-budget-dcs-chief-financial-officer-revised-revenue-estimates-2025-to-2029-rojected-reduction-of-40000-jobs-or-21-percent-financial-period-buyouts-fired-local-economy-major-bowser

I haven’t read the whole thread so haven’t seen if anyone pointed this out, but….this really isn’t so bad? Revenue losses don’t hit for another 6+ months, then when they do they are less than a 3% loss in projected revenue, about $300 million lost from a budget of over $11 billion.

I expected a lot worse. If this is accurate, we definitely aren’t looking at a Detroit scenario here.

[Anonymous]

Anonymous wrote:It's going to be worse than that once the Medicaid cuts get enacted.

A lot of the Mayor and Council's pet projects are going to have to be cut. Hope they are up for it.

Where do you get your news? You might need to diversify a bit.

[Anonymous]

Anonymous wrote:DC stores are already closing up and leaving due to crime. Looting and smash and grab. Streets look empty. Now with no employees working, all the small business carry outs are going to lose and close. Empty office spaces. Bars and restaurants look empty. DC starting look like a ghost town.

Restaurants have no reason to open in DC. The tipped wage is too high, the highest in the DMV. Margins are too slim. I live in DC and I am tired of paying all the random and confusing "service fees"-are those going to waiters or not??

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC stores are already closing up and leaving due to crime. Looting and smash and grab. Streets look empty. Now with no employees working, all the small business carry outs are going to lose and close. Empty office spaces. Bars and restaurants look empty. DC starting look like a ghost town.

Restaurants have no reason to open in DC. The tipped wage is too high, the highest in the DMV. Margins are too slim. I live in DC and I am tired of paying all the random and confusing "service fees"-are those going to waiters or not??

ITA on weird fees. Long after Covid a lot of restaurants continued charging extra 4% or so for the Covid recovery. When people started asking to wave this they changed it to "worker well being" or "health related" or something else fee.. Essentially they added extra tax that's not regulated by any tax related agency and what they do with this is very unclear. If I want to benefit my servers I'd just give them a generous tip and know it's going into their pocket.

[Anonymous]

Anonymous wrote:With more RTO will be a bonanza for porch pirates.

Time to order one of those "don't tread on me" street signs And "NRA" and "beware of a large dog" signs

[Anonymous]

Anonymous wrote:

Anonymous wrote:"The Trump administration’s cuts to the federal workforce are expected to result in a $1 billion deficit over the next three years, the report estimates."

https://wjla.com/news/local/federal-workforce-cuts-doge-economy-washington-dc-budget-dcs-chief-financial-officer-revised-revenue-estimates-2025-to-2029-rojected-reduction-of-40000-jobs-or-21-percent-financial-period-buyouts-fired-local-economy-major-bowser

I haven’t read the whole thread so haven’t seen if anyone pointed this out, but….this really isn’t so bad? Revenue losses don’t hit for another 6+ months, then when they do they are less than a 3% loss in projected revenue, about $300 million lost from a budget of over $11 billion.

I expected a lot worse. If this is accurate, we definitely aren’t looking at a Detroit scenario here.

Are you saying they aren't going to cut as many job as they originally projected?

[Anonymous]

Anonymous wrote:

Anonymous wrote:"The Trump administration’s cuts to the federal workforce are expected to result in a $1 billion deficit over the next three years, the report estimates."

https://wjla.com/news/local/federal-workforce-cuts-doge-economy-washington-dc-budget-dcs-chief-financial-officer-revised-revenue-estimates-2025-to-2029-rojected-reduction-of-40000-jobs-or-21-percent-financial-period-buyouts-fired-local-economy-major-bowser

I haven’t read the whole thread so haven’t seen if anyone pointed this out, but….this really isn’t so bad? Revenue losses don’t hit for another 6+ months, then when they do they are less than a 3% loss in projected revenue, about $300 million lost from a budget of over $11 billion.

I expected a lot worse. If this is accurate, we definitely aren’t looking at a Detroit scenario here.

That's just direct job losses.

The Medicaid and HUD cuts are what's going to kill us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They'll just raise taxes.

It’s pointless if there are 80% less wage earners to tax.

80%? lol, no.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"The Trump administration’s cuts to the federal workforce are expected to result in a $1 billion deficit over the next three years, the report estimates."

https://wjla.com/news/local/federal-workforce-cuts-doge-economy-washington-dc-budget-dcs-chief-financial-officer-revised-revenue-estimates-2025-to-2029-rojected-reduction-of-40000-jobs-or-21-percent-financial-period-buyouts-fired-local-economy-major-bowser

I haven’t read the whole thread so haven’t seen if anyone pointed this out, but….this really isn’t so bad? Revenue losses don’t hit for another 6+ months, then when they do they are less than a 3% loss in projected revenue, about $300 million lost from a budget of over $11 billion.

I expected a lot worse. If this is accurate, we definitely aren’t looking at a Detroit scenario here.

Are you saying they aren't going to cut as many job as they originally projected?

I read the article and it's predicting that there will be downturn with recovery in 2027. It doesn't state where recovery would come from.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They'll just raise taxes.

It’s pointless if there are 80% less wage earners to tax.

80%? lol, no.

I think the assumption is that the only jobs in DC proper outside of essential services and service sector are Government related. Which means 80% of earners are working for the government one way or another, directly or indirectly. Law firms and lobbyists and some contractors are in that category. Since all employment is gov related (there are no private companies in DC that aren't law firms or contractors) and ALL of it goes away, then there will be 80% of workers losing jobs.

Both things have to be true: 80% of DC workforce or more is related to government AND vast majority if not all of these jobs will disappear. The first part I cannot verify but it sounds aggressive. The second part is simply stupid, because this can only happen if the entire seat of the government is moved out of DC and it's no longer our capital city.