GAO Report Determines That D.C. Has Up to $1.1B Imbalance Yearly

Vadum, Matthew
June 2003
Bond Buyer;6/6/2003, Vol. 344 Issue 31651, p38
Trade Publication
District of Columbia has a permanent �structural imbalance� beyond its control of up to $1.1 billion each year that represents the difference between the cost of providing services to the public and the federal city's ability to raise revenues. A study from the U.S. General Accounting Office (GAO) states that the district raises $470 million to $1.1 billion less in revenues each year than GAO analysts believe it should have in order to provide an average level of services.


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