Revised Revenue Estimates June 2011

District of Columbia

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District of Columbia

Summary of June 2011 Forecast

Actual Local Source, General Fund Reve nue Estimate ($ millions) February 2011 Revenue Estimate FY 2010

Estimate FY 2011 5,069.4 FY 2012 5,352.5 FY 2013 5,593.9

Projected FY 2014 5,726.5 FY 2015 5,839.4

Change from prior forecast June 2011 Revenue Estimate Percent growth over previous year 5,076.4 0.5%

107.1 5,176.5 2.0%

77.2 5,429.7 4.9%

79.0 5,672.8 4.5%

101.1 5,827.5 2.7%

127.4 5,966.8 2.4%

List of Contingency Spending FY 2012

District of Columbia

($ in millions)

Additional Revenue Available Move Capital FTEs to Operating Budget Subtotal 50% to Fund balance restoration Other uses

$ $ $ $

77.2 21.6 55.6 27.8 27.8

DSLBD for Green Teams/Clean Teams Additional cost of public health care program (MCO contracts) Other contingent spending included in BSA

Authorized $ 1.8 $ 32.0 $ 59.6

Balance Additional Funded/ Revenue Needed Funded (Unfunded) to Fully Fund* $ 1.8 $ 26.0 $ $ 26.0 $ (6.0) $ (12.0) $ $ (65.6) $ (131.2)

* Includes required deposit of 50% of any additional revenue to Fund Balance restoration.

NEXT REVENUE ESTIMATE: SEPTEMBER 2011

District of Columbia

Changes from February Estimate

FY 2011 Feb. 2011 June 2011 Change 75.7 32.0 44.7 Feb. 2011 FY 2012 June 2011 Change 74.1 1.9 15.9 91.9

Increases from February estimate: Real property tax Individual Income tax Deed tax Subtotal, increases: Less declines from February estimate: Sales tax Non-tax revenues Subtotal, declines: Other Totals

$ 1,630.0 $ 1,183.3 254.0 $ 3,067.3 $

1,705.8 $ 1,215.3 298.7

$ 1,779.9 $ 1,296.8 266.0 $ 3,342.7 $

1,854.0 $ 1,298.6 281.9 3,434.5 $

3,219.8 $ 152.4

921.7 $ 403.1 1,324.8 677.3

914.6 $ 366.4 1,281.0 675.8

(7.1) (36.7) (43.8) (1.6)

956.4 $ 366.9 1,323.3 686.6

961.2 $ 344.7 1,305.9 689.2 5,429.7 $

4.8 (22.1) (17.3) 2.6 77.2

$ 5,069.4 $

5,176.5 $ 107.1

$ 5,352.5 $

Changes in Revenue Estimates

District of Columbia

Changes Since June 2008, Local Source, General Fund Revenue Estimate
($Millions)

June 2008 Budget

Change in Revenue Estimate Since June 2008 Policy changes to address shortfall

FY 2010 5,831.7
-1,099.8 344.6

FY 2011 6,099.2
-1,321.5 398.8

FY 2012 6,402.5
-1,432.1 459.2

FY 2013 0.0

FY 2014 0.0

448.8

179.2

June 2011 Revenue Estimate Percent growth over previous year

5,076.4

5,176.5 2.0%

5,429.7 4.9%

5,672.9 4.5%

5,827.6 2.7%

* Details may not add to totals due to rounding.

District of Columbia
FY12 Budget Support Emergency Act

Spending Contingent on Additional Revenue

Cumulative
$3,040 $3,040

Delay application of parking tax increase until October 1, 2011

FY 2012 Contingent Revenue (June 2011 and September 2011 Revenue Estimates)
Capital FTE Shift (BRA):
Office of Finance and Resource Management Office of the Chief Technology Officer Department of General Services Office of Planning Department of Housing and Community Development Department of Consumer and Regulatory Affairs Commission on Arts and Humanities Metropolitan Police Department Department of Corrections University of the District of Columbia District of Columbia Public Library Department of Transportation $24 $3,170 $5,655 $314 $144 $828 $198 $126 $907 $292 $233 $9,676

Cumulative
$24 $3,194 $8,849 $9,163 $9,307 $10,135 $10,333 $10,459 $11,366 $11,658 $11,891 $21,567

Balance will be allocated as follows: 50% to the following uses (BSA):

Department of Small and Local Business Development to fund the Commercial Revitalization Program Department of Health Care Finance for MCO Contract Department of Health for the school nurse program Metropolitan Police Department to increase the number of sworn police officers Department of Human Services for the Housing First Program District of Columbia Housing Authority to reduce the transfer of funds from the Housing Production Trust Fund to the Rent Supplement Fund Department of Mental Health - various uses Department of Human Services for the Interim Disability Program Housing Production Trust Fund Child and Family Services Agency for the childrens mental health program Department of Human Services for homeless services Office of the Mayor for the celebration of the 150th Anniversary of Emancipation Day, April 11, 2012 Commission on the Arts and Humanities for improvements for the Lincoln Theater District of Columbia Public Library to keep Martin Luther King, Jr. Memorial Library open on Sundays District of Columbia Public Library to acquire books Office of the State Superintendent of Education for early childhood education Department of Health for clinical nutritional home delivery services $1,800 $32,000 $12,500 $10,800 $1,600 $12,000 $5,000 $3,000 $6,000 $900 $2,500 $508 $500 $316 $1,438 $2,000 $500

of the District's General Fund Balance

50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match 50% match $1,800 $32,000 $12,500 $10,800 $1,600 $12,000 $5,000 $3,000 $6,000 $900 $2,500 $508 $500 $316 $1,438 $2,000 $500

Cumulative
$25,167 $89,167 $114,167 $135,767 $138,967 $162,967 $172,967 $178,967 $190,967 $192,767 $197,767 $198,783 $199,783 $200,415 $203,291 $207,291 $208,291