4345423 Resolution 20-135, “Fiscal Year 2013 Revised Budget Request Emergency Declaration Resolution of 2013"

A RESOLUTION

20-135 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

May 7, 2013

 

To declare the existence of an emergency with respect to the need to adjust certain allocations requested in the Fiscal Year 2013 Budget Request Act pursuant to the Omnibus Appropriations Act, 2009.

RESOLVED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the “Fiscal Year 2013 Revised Budget Request Emergency Declaration Resolution of 2013".

 

Sec. 2.  (a) On February 22, 2013 the Office of the Chief Financial Officer provided a revised revenue estimate which showed an increase of $190 million in fiscal year 2013.  This revenue is bolstered by an additional $2.7 million which will be available from a refund from the Mandarin Hotel bond trustee, and an additional $8 million from U.S. Department of Transportation PILOT refunds.  Combining this revenue with a $20 million reduction related to 31-35 K Street, N.E. not being suitable for sale, $3.4 million being provided to fund previously unfunded legislation, and $1.1 million being expended on repealing the tax on out-of-state municipal bonds, this leaves a total available revenue pool of $176.2 million. 

(b) Along with this new revenue, the Mayor has identified $99.7 million of critical spending items that are being proposed.  These include funding for affordable housing, as well as pay raises for the entire government through workforce investments.  Combining these expenditure items with a $20 million budget savings adjustment required to meet projected revenues, the Mayor is proposing to spend $79.7 million.  This leaves an unspent balance of $96.5 million, all of which will be carried over into fiscal year 2014 to be used in accordance with the Fiscal Year 2014 Budget Request Act of 2013. 

 

Sec. 3. The Council of the District of Columbia determines that the circumstances enumerated in section 2 constitute emergency circumstances making it necessary that the Fiscal Year 2013 Revised Budget Request Emergency Adjustment Act of 2013 be adopted after a single reading.

 

Sec. 4. This resolution shall take effect immediately.