On May 25, 2018, an article in The Bond Buyer referenced a report released by Standard and Poor's earlier that month titled "Between a Budget and a Hard Place: The Risks of Deferring Maintenance for U.S. Infrastructure." In the report, S&P recognized the approach taken by the District (specifically the OCFO) towards better infrastructure maintenance planning, and how that approach could serve as a model for other state and local governments across the country. The article goes on to state that the rating agency recommended that other state and local governments follow the District of Columbia's approach to inventory, assess, prioritize and develop plans to fund deferred maintenance.
On October 31, 2017, the Office of the Chief Financial Officer released its updated long-range capital financial plan report for the District of Columbia that includes capital asset replacement needs beyond the normal six-year capital planning period. This report defines and quantifies the challenges the District faces in funding its capital infrastructure needs, and presents the impact of recently enacted legislation that would allow the District to address these challenges over time. The report is intended to assist the Mayor, Council, agency directors, other policymakers and the public in understanding the size of the District's capital infrastructure needs, and how these needs might be addressed over time.
On January 9, 2017, the Fiscal Times released their “Fiscal Health” index for U.S. cities with populations greater than 200,000 based on information from their 2015 Comprehensive Annual Financial Reports. I am very proud to announce that the District of Columbia was ranked in the top 10 (9th overall) out of 116 cities. This independent ranking, based on important financial metrics, demonstrates how far the District of Columbia has come since the near insolvency of the mid-1990s to today where our fiscal strength now ranks among the strongest in the United States.
Tuesday, December 20, 2016
Census Figures Show that DC Gained Another 10,793 Residents in One Year and 79,000 Residents Since 2010
(WASHINGTON, DC) – Today, Mayor Muriel Bowser welcomed the latest estimates from the U.S. Census Bureau showing that Washington, DC has reached a total population of 681,170, a figure not seen since the 1970s.
“Our growth in population shows that Washington, DC continues to be an attractive place to live, work and start a family,” said Mayor Bowser. “Our neighborhoods continue to grow safer and stronger, and our schools continue to enroll more students and improve outcomes. The District’s investments in neighborhoods – from affordable housing, public infrastructure, and transportation to public schools, parks, retail, and the arts – are all making DC a highly desirable place to call home.”
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