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."