D.C Riding a Win Streak

Vadum, Matthew
January 2005
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p1
Trade Publication
The article reports that buoyed by a robust local economy, a hot real estate market, and climbing tax revenue, the District of Columbia is expected to keep spending under control in 2005, maintain its investment-grade bond rating, and avoid a return of the federally appointed financial control board that once oversaw its finances, analysts said in recent interviews. Although the district continues to face revenue pressures related to its limited tax base and the rising costs of its school system and medical care for the poor, the district's financial outlook for 2005 is stable, analysts said.


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