Thursday, December 4, 2014

FY 2016 CSFL shows gap of $163.1 million

On November 21, CFO Jeff DeWitt sent Mayor Gray the FY 2016 CSFL (Current Services Funding Level, aka the baseline budget).   And it's not good news:
The budget and financial plan submitted to Congress on August 7, 2014 included $181 million of projected efficiency savings or cost reductions that would need to be achieved during FY 2016. An update of these efficiency savings requirements reflecting the most recent revenue estimates and projected spending levels indicates a budget gap of $147.4 million. Incorporating the recently identified spending pressure in the Department of Human Services (DHS) for homeless services, as a result of the court order in Reid v. District of Columbia, increases the estimate by $15.7 million, resulting in resource needs of $163.1 million (2.3 percent of the projected FY 2016 budget) for the CSFL to match projected revenues for FY 2016.

That's right:   a gap of $163.1 million in FY 2016.   And that's before Mayor-elect Muriel Bowser takes a crack at her first proposed budget.

More information on FY 2016, the CSFL, etc. as soon as it becomes available.

FY2016 CSFL Budget Letter

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