Federal City Council reposted this
A difficult fiscal future is awaiting the District of Columbia in Fiscal Year 2025 and beyond. The city faces significant budget pressures but has limited resources to address them. From our Executive Director Yesim Sayin, here are considerations for this year's budget season: ➡ When resources are limited, there is a greater need for a government that operates efficiently and predictably. This can be achieved through rigorous evaluation of program design and execution to determine what investments work the best, meet the highest needs, and with the greatest success. ➡ There is also a need for a coherent and cohesive regulatory framework. The District should reassess its regulatory practices to ensure that the city’s regulatory regime is truly addressing public interest, without unnecessarily limiting opportunity for residents and businesses. ➡ Our housing policy is now a key economic development tool. Residents used to move to D.C. for jobs, but with remote work, commute times are becoming less important. The city should evaluate its zoning laws and permitting practices to maximize housing supply to make the city is more affordable, inclusive, and attractive. ➡ Diversifying the District’s economy away from sectors contingent on federal activity should also be a key priority. The presence of federal government is no longer providing protection from economic downturns. If anything, the empty federal offices are putting additional strain on economic recovery. Read the full publication here: https://lnkd.in/efxaUreB
