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Learn about Washington, DC Investor Relations, including Featured News and The Team.
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.
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.
The Office of the Chief Financial Officer has released its 2021 Long-Range Capital Financial Plan Report. The report looks at the District's current assets, their condition, future capital needs, and funding availability to develop a long-range plan to address all identified capital needs of the District in the shortest possible time period.
(WASHINGTON, DC) –Today, as Mayor Muriel Bowser announced her appointment of Fitzroy Lee as the Chief Financial Officer, the Mayor released the following statement:
“Fitzroy Lee has served the residents of the District of Columbia for 20 years in the Office of the Chief Financial Officer, and he has been an integral part of the District’s financial resurgence. Mr. Lee dutifully stepped up to the lead the Office of the Chief Financial Officer earlier this year, and he selflessly has agreed to continue on in the role for the remainder of the term while the search for the permanent CFO continues. I am proud that he has committed to lead the agency at this critical juncture in the District’s history. We appreciate and applaud Mr. Lee’s continued service to the residents of the District of Columbia, and I call upon the Council to consider and swiftly confirm his appointment as we all work together to usher in our recovery, overcome our toughest challenges,and ensure every Washingtonian has a fair shot.”
Read the letter from the CFO to the Mayor and Council Chairman regarding the September 2021 quarterly revenue estimates.