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CFO Letter to the Editor of the Washington Post Regarding the Financial Health of the District

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March 27, 2019

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Questions have been raised about the District’s recently submitted FY2020 budget and financial plan and concerns have been voiced that the budget is not responsible and could result in the return of the Control Board.

As the independent Chief Financial Officer (CFO) of the District, I am required by federal law to certify that the budgets submitted by the Mayor to the Council, and ultimately to Congress, are balanced.  In my March 20, 2019 letter, included in the proposed budget, I state, “that the FY2020 - FY2023 budget and financial plan is balanced.” I stand firmly by that statement.