Budget Proposal for FY2006 Includes $681M in Bonding

Vadum, Matthew
March 2005
Bond Buyer;3/24/2005, Vol. 351 Issue 32097, p5
Trade Publication
The article reports that District of Columbia Mayor Anthony Williams has proposed a $4,5 billion operating budget for the fiscal year that begins October 1, 2005, including the issuance of $681 million in debt, half of which would be general obligation debt. The $4,5 billion in the proposed operating budget is 9.8% above the current budget's spending for fiscal 2005. The borrowing plans were revealed at a press conference yesterday at which the mayor unveiled his budget blueprint for fiscal 2006. But many of the details of the bond-related proposals remain sketchy.


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