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The Orphaned Capital - Adopting the Right Revenues for the District of Columbia (Paperback)
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The Orphaned Capital - Adopting the Right Revenues for the District of Columbia (Paperback)
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The nation's capital is in a fiscal and political crisis. By 1995
the District of Columbia did not have the cash to pay its bills and
faced a growing operating deficit. It was effectively shut out of
the capital markets and at least three of its government agencies
were in receivership. On any given day, 30 percent of the police
vehicles were in the shop for repairs and 25 percent of the school
buses were inoperable. Nor were adequate funds coming in: property
assessors were making up the rules as they were undervaluing the
tax base. In April 1995 Congress, beginning to come to grips with
the situation, placed the fiscal control of the city in the hands
of a presidentially appointed Control Board. The survival of the
nation's capital is a matter of national concern. The Control Board
and the chief financial officer have outlined the path to balancing
the budget by 1999. Once the District government can deliver
services efficiently, the issue of how they should be financed will
need to be addressed. That is the focus of this book. Carol
O'Cleireacain provides background for understanding the present
situation, focusing on the revenue components and offering a
realistic menu of revenue options for long-term, ongoing budget
balance. She addresses such questions as: What is the " norm" for a
city the size of Washington? What is the appropriate sharing among
the federal government, District residents, and the region? How
much compensation should be paid for the huge amount of tax-exempt
property and the enormous number of nonprofit organizations in the
capital? What taxes can the District impose fairly, collect
efficiently without distorting decisions of individuals and
businessesabout where to locate? O'Cleireacain concludes that the
District's fiscal crisis is the result, in part, of economic and
demographic trends reflecting the dilemmas of central cities and
their suburbs nationwide; in part, the historically flawed
relationship between Congress and the local government. But at the
heart of the District's fiscal crisis is its special status as the
nation's capital. All other American cities benefit from state aid
for welfare, Medicaid, prisons, higher education, juvenile justice,
and a wide range of highway, infrastructure, and other capital
investments. The District does not; it has to tax its residents in
order to provide state-type services. Ongoing budget balance in
D.C. will require a realignment of spending and revenue
responsibilities by the federal government acting as the state
parent to the nation's orphaned capital.
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