Learn about District of Columbia (Washington, DC) including our News & Press Releases and Team.
Talk to us
Have questions? Reach out to us directly.
Learn about District of Columbia (Washington, DC) including our News & Press Releases and Team.
About District of Columbia (Washington, DC)
- Est. 2025 Population
- 693,645
- General Obligation Bond Ratings
- Aa1/AA+/AA+
- Income Tax Secured Revenue Bond Ratings
- Aa1/AAA/AA+
This is the official investor relations page for the District of Columbia (“the District”). The Office of the Chief Financial Officer (OCFO) handles all of the District’s debt financing needs, including its communication with bond investors.
About Washington, DC
The District was created in 1791 by an act of the United States Congress and Presidential proclamation and has served as the capital of the United States since 1800. Since January 1975, the District has been governed under the District of Columbia Home Rule Act, which gave residents more autonomy over local affairs. Under the Home Rule Act, the District is governed by an elected Mayor and an elected Council.
The executive and legislative powers and duties of the District government are comparable to those held by states, counties and cities throughout the United States. However, Congress reviews all legislation passed by the Council before it can become law and retains authority over the District’s budget. With the exception of the payment of debt service on District debt, the District may not obligate or expend funds absent annual Congressional appropriation.
The District is a unique governmental entity, combining state, county, and municipal characteristics. Functions performed by the District government include public safety, police, fire, corrections, consumer and business regulatory affairs, public works (highways, streets and traffic control and sanitation), human services (health, welfare and employment assistance), leisure services (recreation and libraries), economic development (planning, zoning, urban renewal and housing), public education and general administration. The District and its instrumentalities also operate a university, a hospital, a stadium and armory complex, a convention center, a housing finance agency and a lottery.
Image Gallery
News
On or about July 21, 2026, the District of Columbia plans to price its Income Tax Secured Revenue Bonds, Series 2026A (tax-exempt) and Series 2026B (federally taxable). The proceeds of the Series 2026A Bonds will be used, together with other funds of the District, to (i) pay or reimburse the District for capital project expenditures under the District’s capital improvements plan; (ii) refund the District’s outstanding General Obligation Commercial Paper Bond Anticipation Notes, Series 2025A (the “Refunded GO CP 2025A BANs”); and (iii) pay the costs and expenses of issuing and delivering the Series 2026A Bonds. The proceeds of the Series 2026B Bonds will be used, together with other funds of the District, to (i) pay or reimburse the District for capital project expenditures under the District’s capital improvements plan; (ii) refund the District’s Income Tax Secured Bond Anticipation Notes, Series 2025B (Federally Taxable) (the “Refunded Income Tax Secured 2025B BANs”); and (iii) pay the costs and expenses of issuing and delivering the Series 2026B Bonds.
The syndicate for this issuance will be led by Ramirez & Co., Inc. Other members of the underwriting syndicate included RBC Capital Markets as co-senior manager, as well as Morgan Stanley, BofA Securities, Bancroft Capital, Loop Capital Markets, Stifel, and Mischler Financial Group, Inc. as co-managers.
Read the letter from the CFO to the Mayor and Council Chairman regarding the June 2026 quarterly revenue estimates.
New York, April 20, 2026 – Moody’s Ratings (Moody’s) has revised the District of Columbia’s outlook to stable from negative and affirmed its Aa1 issuer rating and other ratings as shown below.
The outlook revision is driven by stable revenue performance and balanced budget operations despite a weakened local economy. Although the District’s local economy will continue to lag the US because of federal workforce reductions and ongoing commercial real estate market weakness, the District’s very strong fiscal governance and prudent budget management will mitigate federal policy uncertainty and offset expected softer
revenue during the next year.
Team
-cropped.i02CaK5L.jpg)
Talk to us
Have questions? Reach out to us directly.