Thursday, January 6, 2011

Revenue estimate unchanged from September 2010

On December 29, 2010, CFO Natwar Gandhi sent Mayor Fenty and then-Mayor-elect Vince Gray a letter stating that the latest review of revenue for FYs 2011 - 2015 was the same as that done in September 2010.

Gandhi wrote that the real property tax bills (prepared in January) will give the CFO a better idea of revenues for FY 2012.   Further, tax revenue increased the first two months of FY 2011 (October and November); this is a good sign but the February revenue estimate will be based on a full quarter of tax earnings.

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