The District of Columbia’s finance office will scrap a $120 million computerized tax system that has been the subject of a lacerating audit, The Examiner has learned.

Chief Financial Officer Natwar Gandhi told D.C. Council members Monday morning that the system will be put out to bid. Stephen M. Cordi, Gandhi’s new deputy in the troubled tax office, told The Examiner it may take up to four years to get a new system in place.