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The OCFO released a revised revenue forecast, which certifies the revenue estimate for the FY 2021 – 2024 District of Columbia Budget and Financial Plan. Fiscal year 2020 revenues are revised downward by $722 million from the February 2020 estimate, reflecting the unprecedented shutdown of the District and national economies to combat the COVID-19 virus. Reduction from the February estimate is primarily due to decreased sales taxes as hotels, restaurants, and most on-premise retail activity has either ceased or significantly diminished.