Wednesday, October 5, 2016

ICYMI: DC's revenue up in #dcfy16 and #dcfy17

On October 3, the CFO announced that revenues in FY 2016 (which ended September 30, 2016) were $180 million greater than previously estimated.   The CFO also said that FY 2017 estimates got a bump up by $35.7 million.

Why $180 million higher than estimated in June?   "(H)igher than expected business income, deed recordation and transfer, and estate tax receipts."

Read the September 2016 revenue estimate letter.

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