D.C.'s Structural Imbalance Won't Lead to 'Quagmire,' CFO Says

Vadum, Matthew
June 2003
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p6
Trade Publication
Chief financial officer of Washington D.C. Natwar M. Gandhi told that even though the District of Columbia has a permanent structural imbalance beyond its control of up to $1.1 billion each year, the city will continue to be financially responsible as of June 11, 2003. The district's fiscal situation today is vastly different from the dire straits it faced in 1995. The resolution authorizing the new-money debt comes before the district's Council on July 8 and if it is approved at that time the sale should go forward near the end of that month.


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