D.C. ends FY 2007 with another $80M

Published February 2, 2008 5:00am ET



The D.C. government ended the last fiscal year with a $248 million surplus, which includes $80 million in cash it could spend or opt to save for an expected economic crunch, figures obtained by The Examiner show.

The revenues for fiscal 2007 came in 7.3 percent higher than Chief Financial Officer Natwar Gandhi‘s May 2006 estimate and 6.6 percent more than his most recent projections, according to numbers culled from the unaudited results of the Comprehensive Annual Financial Report.

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