DC's Budget Deficit Climbs!

3:24 PM, Nov 22, 2010   |    comments
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WASHINGTON, DC (WUSA) -- DC residents and businesses were told: "All options are on the table...many of these decisions are going to be painful."

That from Mayor elect Vincent Gray who revealed that the projected budget deficit for this fiscal year has climbed.

187.8 million dollars must be trimmed from city spending before the end of December. Another 345 must be trimmed from next fiscal year's spending.

Council Chairman Gray made the announcement at a press conference on Monday at the John Wilson building with many DC Councilmembers in attendance along with members of Gray's transition team.

The Mayor elect refused to say if police, firefighters or teachers could lose their jobs. He did not rule out tax increases.

A public hearing on the budget proposals will be held on November 30th.

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