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Keeping the Promises FY 2015 Budget Presentation - General

Keeping the Promises FY 2015 Budget Presentation - General

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Published by Susie Cambria
Keeping the Promises 2015

Continuing Fiscal Responsibility
A structurally sound budget and financial plan that does not use locally mandated reserves
Preservation of 12% debt cap and funding of dedicated Pay-As-You-Go Capital fund
To continue upward trajectory of District bond ratings
No tax or fee increases to balance the budget
Keeping the Promises 2015

Continuing Fiscal Responsibility
A structurally sound budget and financial plan that does not use locally mandated reserves
Preservation of 12% debt cap and funding of dedicated Pay-As-You-Go Capital fund
To continue upward trajectory of District bond ratings
No tax or fee increases to balance the budget

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Categories:Types, Presentations
Published by: Susie Cambria on Apr 07, 2014
Copyright:Traditional Copyright: All rights reserved

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04/25/2014

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Keeping 
 
the 
 
Promises
The Government of the District of Columbia
Vincent C. Gray, Mayor
2 15 
 
Continuing Fiscal Responsibility
 A structurally sound budget and financial plan that does not use locally mandated reserves
Preservation of 12% debt cap and funding of dedicated Pay-As-You-Go Capital fund
 –
To continue upward trajectory of District bond ratings
No tax or fee increases to balance the budget
Fiscal Year 2015 Budget
 Keeping the Promises
Government of the District of Columbia
Vincent C. Gray, Mayor
2
 
General Obligation Bond Ratings
S&P:
 A- A- A- B B B BB BBB BBB BBB+ BBB+ A- A- A A+ A+ A+ A+ A+ A+ A+ AA-
Moody's:
 Baa Baa Baa Ba Ba Ba2 Ba1 Baa3 Baa3 Baa1 Baa1 Baa1 A2 A2 A2 A1 A1 A1 Aa2 Aa2 Aa2 Aa2
Fitch:
 A- A- BB BB BB BB+ BBB BBB BBB+ BBB+ A- A- A A A+ A+ A+ AA- AA- AA- AA-
Income Tax Secured Revenue Bonds: S&P: AAA Moody's: Aa1 Fitch: AA+
 
$(1,000)$(500)$-$500 $1,000 $1,500 $2,000
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Budgetary Basis DeficitBudgetary Basis SurplusCumulative Fund Balance
-$518 million
Control Period Revitalization Act
$1.75 Billion
Continuing Fiscal Responsibility
Fiscal Year 2015 Budget
 Keeping the Promises
Government of the District of Columbia
Vincent C. Gray, Mayor
3

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