Gandhi Says District Is Facing $123 Million Shortfall in Current Fiscal Year

Vadum, Matthew
October 2003
Bond Buyer;10/17/2003, Vol. 346 Issue 31742, p4
Trade Publication
Reports on the prospective shortfall of budget for the fiscal year 2003 in Washington D.C. according to Natwar M. Gandhi, chief financial officer of the state. Identification of spending pressures for fiscal 2004; Specification of the expenses; Proposal of Gandhi for a short-term tax anticipation notes.


Related Articles

  • D.C. CFO Expects to Report a Balanced Budget in 'Clean' Fiscal 2002 Audit. Vadum, Matthew // Bond Buyer;1/24/2003, Vol. 343 Issue 31559, p4 

    Reports on the expectancy of chief financial officer of the U.S. District of Columbia Natwar M. Gandhi, for a balanced budget for the fiscal year 2002, in the comprehensive annual financial report (CAFR) to be released on January 29, 2003. Difficulties faced by CAFR in preparing the budget...

  • D.C.'s Gandhi Warns of $50M Gap, Increasing Debt Service Payments. Ackerman, Andrew // Bond Buyer;3/27/2007, Vol. 359 Issue 32595, p6 

    The article reports on the warning of chief financial officer Natwar Gandhi regarding the Washington D.C.'s proposed $5.57 billion budget for fiscal 2008. Gandhi warned that the said budget will not be balanced until officials determine how to fill an estimated $50 million budget hole which...

  • D.C. CFO Unveils Plan to Combat $251 Million Shortfall. Vadum, Matthew // Bond Buyer;12/18/2000, Vol. 334 Issue 30139, p5 

    Reports on District of Columbia Chief Financial Officer Natwar M. Gandhi's introduction of a plan designed to eliminate a potential fiscal 2001 budget shortfall. Efforts of the District government to deal with its financial problems; Estimated shortfall in 2001.

  • D.C. CFO Says He Has Plan to Keep City in the Black, Despite $128M Gap. Vadum, Matthew // Bond Buyer;2/21/2003, Vol. 343 Issue 31577, p29 

    Reports on the plans of chief operating officer of District of Columbia Natwar M. Gandhi to compensate losses despite a budget shortfall of $128 million in fiscal year ending September 2003. Budget shortfall due to lower revenue estimates; Need to manage revenue losses and increased spendings;...

  • District of Columbia: Gandhi: Tapping Reserves, Cutting Spending May Be Necessary. Vadum, Matthew // Bond Buyer;10/22/2001, Vol. 338 Issue 31248, p5 

    Discusses concerns of the chief financial officer of Washington D.C. Natwar M. Gandhi regarding the districts multi-million dollar budgetary gap for fiscal year starting October 1, 2001. Costs that has wiped off the district's financial reserves; Expectations of Gandhi regarding revenue growth;...

  • D.C. CFO Proposes Debt Cap To Curry Favor With Wall St. Schroeder, Peter // Bond Buyer;6/22/2007, Vol. 360 Issue 32656, p44 

    The article reports on the proposal of Washington D.C. chief financial officer Natwar Gandhi to adopt a strict debt limit to further develop the reputation with Wall Street while embarking on several costly projects. The plan of Gandhi is said to call for the overhaul and renovation of 141 city...

  • D.C. Council OKs'07 Plan After Revenue Estimate Revised Upward. Vadum, Matthew // Bond Buyer;5/10/2006, Vol. 356 Issue 32378, p40 

    The article reports on the approval by the city council of the budget for fiscal 2007 in Washington D.C. According to the information, the budget was commended after a revision of the district estimate was submitted by Natwar M. Gandhi, the chief financial officer of the city. Furthermore, the...

  • D.C. Fiscal Chief Urges Revamp of Replenishment Bill. Vadum, Matthew // Bond Buyer;4/21/2003, Vol. 344 Issue 31618, p36 

    Natwar M. Gandhi, the District of Columbia's chief financial officer, says the city council should scale back its proposal to extend to five years from one year the period for replenishing the local government's financial reserves after drawing from them, or risk not obtaining a bond-rating...

  • District's CFO: One Of a Kind. Glazier, Kyle // Bond Buyer;5/22/2012, p1 

    The article features Washington (D.C.) poetry-writing chief financial officer (CFO) Natwar Gandhi and his role as CFO. It says that Gandhi, who enjoys a level of certainty and independence, manages the debt and certification of balanced budget of the district. It adds that he took the position...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics