‘Heritage Village – Largo, Florida’
courtesy of ‘kthypryn’
DC CFO Natwar Gandhi says the District is going to be experiencing “declining revenue” that will result in shortfalls over the next three years. $17M in 2009 (yes, current year) and then up to $277M in Fiscal 2012, which suggests that we’re far from out of the woods in this recession and cutbacks or new taxes are going to be the order of the day going forward.
I fully expect this will be an issue in the Mayoral race next spring and summer, so get used to seeing discussions of empty pockets.