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DC Hits Fiscal Milestone: A Full Rainy Day Fund, And Some Money To Spare

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January 31, 2020

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Two decades ago, D.C. was barely emerging from a fiscal crisis that had left the city almost bankrupt and taken over by a federal Control Board.  But the last few years have seen explosive growth that has swelled D.C.’s coffers, so much so that for the first time the city has a full rainy-day fund to navigate any future challenges.