Council Passes FY 2015 Budget Proposal
“The Council’s budget proposal focuses on sustaining important investments in affordable housing, workforce development, public schools, and infrastructure,” said Chairman Mendelson. “The budget adopted today builds on the hard work by the Mayor’s team in the budget originally proposed, and with the cooperation of the Mayor and Chief Financial Officer, the Council was able to build on that foundation to make changes that will benefit the District significantly.”
The Fiscal Year 2015 budget adopted by the Council contains a number of increases to fund important services and programs, as well as new initiatives to strengthen economic and community development in the District. Specifically, the budget:
- Funds the majority of the recommendations of the =&0=&, providing tax relief aimed at addressing disparities in personal income tax, the estate tax, business taxes, and sales tax. The Council’s plan phases in the recommendation