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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Tax receipts are about to fall off the table but, sure, let's create a new spending program. [/quote]

How many times have you come crying wolf about that?  It's as long as I can remember.[/quote]

The city has been living in la la land for years now thanks to low interest rates that created a giant real estate bubble and, with it, send property taxes soaring, and thanks to Congress dumping a mountain of money on state and local governments. All of that is now coming to a crashing halt. You are free to be completely ignorant and assume tomorrow will be exactly the same as yesterday but I'd suggest maybe paying a little bit of attention to what's happening around you. Things are going to get ugly. [/quote]

But the city also has a massive budget surplus that it built up during those la la land years, and a much higher income tax base now than it did the last time interest rates were this high (which was only about 15 years ago anyway, it's not like you have to go back to the worst of the 1980s to compare how the city was doing with 7 percent mortgage rates). And this program costs $42 million out of a $14 billion city budget, so it's not going to be the thing that brings everything crashing down, anyway.[/quote]
This is a great example of how the la la land thinking gets perpetuated, by using magical thinking and false information.

[b]DC is not a “city” [/b]and it DOES NOT have a “massive surplus” of funds sitting around. It is massively in debt to the tune of $13 billion.

For contrast, Montgomery County, MD, which many believe to be acting fiscally irresponsibly has a debt of $5.5 billion. But it has a 30% larger population and vastly larger land area.

There was a budget surplus in 2020 thanks to Federal COVID relief $ and those funds were legislatively required to be spent on affordable housing. There is no special vault of money sitting around for the District to draw on. Furthermore, by all accounts future revenue estimates are based on irresponsible assumptions about commercial and residential property taxes.

[/quote]

????[/quote]
The “D” in DC stands for “District”. It is a federal district. Within DC there is a city called Washington. There also used to be a separate municipality called Georgetown.

Referring to a “city budget” is inaccurate and demonstrates that you don’t know what you are talking about.[/quote]

So the "One City" campaign has been a fraud all along? Who knew![/quote]

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