The District is accumulating record surpluses and touting its economic successes, but legislation before the D.C. Council to cap property taxes on homes and commercial buildings might be too costly to bear.

Two bills currently under consideration by the finance and revenue committee would carry a $1.26 billion fiscal impact over four years. Given the staggering figure, tax relief comes down to “where we can do it and where we can afford it,” Council Member Carol Schwartz said during a recent council hearing.