Chief Financial Officer Glen Lee today released the Government of the District of Columbia’s Fiscal Year 2025 Annual Comprehensive Financial Report (ACFR), for the year ended Sept. 30, 2025. The District finished FY 2025 with a balanced budget and a $4.8 …
Monday, December 29, 2025
Tuesday, September 30, 2025
Read the June 2025 revenue certification letter and presentation from CFO Glen Lee to the Mayor and Council Chairman: June 2025 Revenue Estimates for FY 2025-2029
Despite Moody’s recent downgrade of the District’s Income Tax Revenue Bonds to Aa1, the District’s latest bond sale was met with robust investor demand and the cost of borrowing was in line with expectations anticipated in the District’s budget. On …
Today, Moody’s Ratings announced a downgrade of the District of Columbia’s credit rating from Aaa to Aa1 and revised the outlook to negative. This action reflects the challenging economic environment facing the District due to significant reductions in the …
Friday, February 28, 2025
Tuesday, December 31, 2024
(Washington, D.C.) - Chief Financial Officer Glen Lee announced today that Moody’s Ratings (Moody’s) upgraded the ratings of several special tax bonds of the District of Columbia. These upgrades reflect the strength and resilience of the District’s revenue …
Monday, September 30, 2024
Friday, September 13, 2024
The responsibility of the Office of the Chief Financial Officer (OCFO) is to manage the District’s financial operations and maintain its financial stability. The OCFO does not make decisions about which, or by how much, a program is increased or reduced. …
Thursday, February 29, 2024
Friday, December 29, 2023
(Washington, DC) - Today, Moody’s Investors Service affirmed the District of Columbia’s Aaa rating. The Moody’s rating reflects “the District's overall financial, economic and governance strength.” According to Moody’s, “The District's high-wage …
Friday, September 29, 2023
Concerns have been raised that the District may face budget challenges in fiscal year 2025 because of a gap due to the discontinuance of federal CARES Act revenue on December 31, 2024. Those concerns are simply not based on facts and reflect a …
This letter certifies that the revenue estimate for the FY 2023 – FY 2027 District of Columbia Budget and Financial Plan is unchanged from February 2023.
Presentation on the District Integrated Financial System by Glen Lee, Chief Financial Officer for the Government of the District of Columbia, before the Council of the District of Columbia
02 days 21:38:38
