D.C. Finance Chief Tells House Panel He's Optimistic About GO Rating Hike

Vadum, Matthew
June 2003
Bond Buyer;6/5/2003, Vol. 344 Issue 31650, p6
Trade Publication
The District of Columbia's chief financial officer, Natwar M. Gandhi, told a congressional panel on June 4, 2003 that he remains hopeful that the city's general obligation bond rating will be raised soon. The district government is currently dealing with a potential fiscal 2003 deficit of 50 million dollars, driven largely by health care cost overruns, Gandhi said. In May 2003, the District Council approved a 3.83 billion dollar budget for fiscal 2004 that includes authority for issuing 250 million dollars in GOs.


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