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DC Fiscal Policy Institute @dcfpi.bsky.social · 7d

Making the lives of street vendors more difficult, many of whom are immigrants already being harmed by ICE on our streets, is NOT a growth strategy.

DC Fiscal Policy Institute @dcfpi.bsky.social · 7d

Instead, the mayor proposes the same tired trickle-down “growth” agenda of business interest wish list items that will just grow inequality.

DC Fiscal Policy Institute @dcfpi.bsky.social · 7d

We need real policies to meet this moment, like shoring up our safety net, supporting local Black entrepreneurs, enforcing First Source hiring requirements, and investing in EOTR.

Federal Layoffs Increase DC Unemployment and Threaten to Exacerbate Racial Inequity

DC Fiscal Policy Institute @dcfpi.bsky.social · 7d

The unemployment rate for Black DC workers is already nearly 3.5 times higher than that of white workers, and they are facing the brunt of federal job cuts.
www.dcfpi.org/all/federal-...

An analysis of Bureau of Labor Statistics unemployment data, showing an increase to DC's unemployment from December 2024 to April 2025.

DC Fiscal Policy Institute @dcfpi.bsky.social · 7d

Job increases in hospitality, touted by the mayor as part of our future economy, weren’t enough to offset federal job losses, and they are likely lower-paid and less stable jobs.

DC Fiscal Policy Institute @dcfpi.bsky.social · 7d

DC CFO’s revenue report underscores impact of slashed federal government on DC–nearly 11k jobs lost this year, including 8,700 federal jobs.

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

And, of course, now there's a shutdown, meaning we're likely to see officials protect more of the revenue growth and reserves due to the uncertainty. More to come!

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

We’ve seen the CFO reject such lists in the past, even when there was revenue growth due to other budgetary needs. The report didn’t signal whether he’d allow the budgeted items to go into law.

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

A big question is whether the CFO will approve the contingency list? We’re seeing a significant upswing in revenue (again!) due to his tendency to publish overly cautious forecasts. (Hence the need for a contingency list..)

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

First, we’d need to know how much overspending DC did in FY 2025 and how much is needed to top off reserves--and perhaps other factors. DC officials haven’t published those figures, making it difficult to determine carryover levels and what's possible.

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

There’s also the $400 million that Congress prohibited us from spending that should carry over into FY 2026.

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

Again, DC isn’t facing a budget shortfall, but big questions remain. How much of the revenue bump can be used for new spending, such as the contingency budget list that the DC Council approved in July, for things like early education and the Alliance?

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

The CFO reiterated that DC is still on track for a recession---starting in FY 2026, or today. The outlook isn’t projected to improve until next Oct, w/an eventual full recovery thereafter. He cautions significant uncertainty due to federal decisions.

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

It is an urgent imperative for DC to decouple from the federal tax changes. Look at how much we'll lose absent further action--with 66% of the tax cuts flowing to businesses that are doing well.

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

Overall, revenue grew in nearly all major categories except property taxes in FY25 vs FY24. Looking ahead, DC will have less revenue in FY26 than in FY25, but revenue will grow slowly each year thereafter. We need every dollar available to shore up DC’s budget.

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

The economy is benefitting the elite the most: corporate profits & non-wage income like capital gains are the biggest drivers of the revenue bump. Yet, the Mayor's statement doubles down on a disproven “growth” agenda w/no mention of struggling residents.

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Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

Failing to decouple from these tax cuts that primarily benefit the elite (see the chart) ASAP, will put much-needed local revenues at risk, as DC faces growing budget pressures and continues to suffer from extreme federal decisions that are driving down local revenues.

Federal Efforts to Reinstate Cash Bail in DC Disproportionately Harms Black Residents

Reposted by DC Fiscal Policy Institute

tazramitchell.bsky.social @tazramitchell.bsky.social · 7d

The forecast offers good news: DC isn't facing a budget deficit, as revenue is ticking up compared to June. The report also signals a new urgency--DC must act quickly to pass tax changes to save $658M due to reckless federal tax cuts that will flow into DC's tax code automatically.

Martin Austermuhle @maustermuhle.bsky.social · 7d

Some relief for D.C.: A new revenue estimate from the city's CFO shows that revenue for the fiscal year ending tonight is $208 million higher than expected, and revenue for the 2026 fiscal year will be up $289 million. Plenty of folks expected the estimate to be negative.

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DC Fiscal Policy Institute @dcfpi.bsky.social · 9d

The President recently issued an executive order aimed at coercing DC into ending its cashless bail policy, a change that would disproportionately harm Black and brown residents who are both over-policed and less able to afford cash bail due to systemic racism.

Learn more: https://loom.ly/vdXS7Dc

Cash bail harms people with low incomes who are unable to pay for bail, and Black DC residents have lower incomes and higher poverty rates than other races due to historic and systemic racism.

The Advocacy Xccelerator Fund

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DC Fiscal Policy Institute @dcfpi.bsky.social · 12d

Federal interference isn’t slowing down—and neither can we.

💬 “DCFPI has delivered real, lasting change that touches every corner of the District. But that progress is under attack.
” – Maria Gomez
Stand with us. Defend the place we call home.

Get more info: https://loom.ly/xtt7nNo

DC is under attack. Federal interference and local budget challenges are threatening our community’s progress, stability, and self-determination. But together, we can fight back.

Trump’s workforce purge batters DC’s job market and leads to rise in homes for sale, report finds - WTOP News

DC Fiscal Policy Institute @dcfpi.bsky.social · 13d

"And given proposed additional cuts in the future, the DC Fiscal Policy Institute predicts it’s likely more Washington residents and others from around the region who work in Washington will lose their federal jobs over the coming months and years."

https://loom.ly/32SXFHE

The Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress, according to a report released Wednesday.

wtop.com

The Advocacy Xccelerator Fund

Reposted by DC Fiscal Policy Institute

Olivia Golden @ogolden-policy.bsky.social · 16d

For everyone who wants to know what they can do, here's a great opportunity.

DC Fiscal Policy Institute @dcfpi.bsky.social · 16d

Federal interference threatens our democracy—DCFPI is fighting back for DC families.

Join us through the Advocacy Xccelerator Fund to power our defense. Learn more and take action here: http://bit.ly/3IdxNou

#DCStrong #CommunityPower

DC is under attack. Federal interference and local budget challenges are threatening our community’s progress, stability, and self-determination. But together, we can fight back.

bit.ly

The Advocacy Xccelerator Fund

DC Fiscal Policy Institute @dcfpi.bsky.social · 16d

Federal interference threatens our democracy—DCFPI is fighting back for DC families.

Join us through the Advocacy Xccelerator Fund to power our defense. Learn more and take action here: http://bit.ly/3IdxNou

#DCStrong #CommunityPower

DC is under attack. Federal interference and local budget challenges are threatening our community’s progress, stability, and self-determination. But together, we can fight back.

bit.ly