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From: Councilmember Kenyan R.
McDuffie <kmcduffie@dccouncil.us>
Sent: Friday, April 24, 2020 5:12 PM
Subject: April 24 Coronavirus Response - Updated District Budget
Forecast
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Below are
today's updates on the District's response to the coronavirus
pandemic. For the latest and most comprehensive information always
visit http://coronavirus.dc.gov.
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DC's Chief
Financial Officer Provides Budget Forecast Update
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Today,
District of Columbia Chief Financial Officer Jeffrey DeWitt
provided an updated financial forecast for the District to the
Mayor and Council. You can view the full presentation here
and read Councilmember McDuffie's statement below.
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"District
of Columbia Chief Financial Officer Jeffrey DeWitt just provided
the Mayor and Council with an updated financial forecast and now
projects a budget shortfall of $722 million in the current fiscal
year, and additional downward revisions of $774 million, $606
million, and $568 million over the next three years. Based on all
the numbers, the CFO today indicated that we are now in a
recession.
While that is certainly not welcome news, we all know that this
pandemic has had a devastating impact on our economy. We are not
alone among cities in the United States facing these challenges,
but we are well-positioned compared to some of our counterparts. We
entered this crisis with a full rainy day fund, a well-funded
unemployment insurance fund, and our employee pension obligations
fully funded.
I believe the city should be able to navigate this crisis in both
the long and short term with responsible policies and spending.
However, there will be difficult decisions in the years and budgets
ahead. The impact on District small businesses and workers is
profound, but I remain steadfast and optimistic that the future of
our city is bright."
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Small Business
Spotlight: Roaming Rooster
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Roaming Rooster on Bladensburg Road NE
continues to serve delicious chicken to the public for carry out and
delivery in the midst of the public health emergency. They have
also stepped up and provided meals to health care workers at
Providence Urgent Care, Howard University Hospital, and United
Medical Center. The restaurant interior is closed for social distancing
but you can simply place your order online and make a contact-less
pickup. Order ahead via their website, GrubHub, Postmates, or
Uber Eats.
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