District of Columbia
Summary of February 2012 Revenue Estimate
ActualEstimateProjectedLocal Source, General FundRevenue Estimate ($ millions)FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016
December 2011 Forecast
Revisions to estimate34.813.1 (14.1)(19.4)Additional revenue from lower impactof federal sequestration*22.6 24.9 22.2
Totalchange to the estimate34.8 35.7 10.8 2.8February 2012 Revenue Estimate5,390.95,704.95,763.05,867.06,007.16,164.7
Percent growth over previous year6.2%5.8%1.0%1.8%2.4%2.6%
The December 2011 forecast included an estimate of the impact of federal sequestration on the District. The estimate hasbeen updated tobe consistent with the latest Congressional Budget Office’s (CBO) estimate. The additional revenue is the difference between theupdatedestimate and the December estimate. (see table on slide 4).