Mayor, Council Members Close To Resolving Budget Differences

Vadum, Matthew
May 2003
Bond Buyer;5/1/2003, Vol. 344 Issue 31626, p5
Trade Publication
District of Columbia Mayor Anthony A. Williams said that he and District Council members are close to resolving their differences over the proposed 5.6 billion dollar fiscal 2004 budget, on which the council is scheduled to vote in less than a week. The council is scheduled to vote on the budget, which contains authority for the issuance of 250 million dollars in general obligation bonds, on May 29, 2003. The 5.6 billion dollars spending level specified in the fiscal blueprint, which proposes both tax increases and spending reductions in fiscal 2004 and includes all federal grants to the city, would be 0.02 percent lower than the level approved for the fiscal 2003, if enacted.


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