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A Look at the Proposed FY 2011 Budget

A Look at the Proposed FY 2011 Budget. April 15, 2010 Jenny Reed DC Fiscal Policy Institute At the CNHED/AHA Budget Briefing. The Recession Has Taken A Toll on DC’s Revenues. Local Budget Growth by Appropriation Title, FY 2008-FY 2011. Basics on the FY 2011 Budget.

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A Look at the Proposed FY 2011 Budget

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  1. A Look at the Proposed FY 2011 Budget April 15, 2010 Jenny Reed DC Fiscal Policy Institute At the CNHED/AHA Budget Briefing

  2. The Recession Has Taken A Toll on DC’s Revenues

  3. Local Budget Growth by Appropriation Title, FY 2008-FY 2011

  4. Basics on the FY 2011 Budget • FY 2011 Proposed budget from local sources is $6.14 billion, a less than one percent increase over FY 2010. • FY 2011 “gross budget” is down to $9.5 billion, a 1 percent decrease over FY 2010. • DC actually has fewer resources for most programs in FY 2011. • Loss of federal Recovery Act funds • Increased costs in some areas of the budget

  5. Local Budget Growth, 2010-2011, by Appropriations Title

  6. How was the FY 2011 Shortfall Addressed? • Significant budget cuts • Government staff reductions and salary freezes • Restructuring the city’s debt ($60 million) • Use special purpose funds ($100 million) • New taxes and fees ($97 million) • Additional federal Recovery Act dollars ($74 million)

  7. Other considerations in DC’s Budget • Changes to DC’s budget structure in FY 2011 • Removal of fixed costs, human resources costs, and procurement costs from many agency budgets • This may make it look like some programs were cut, or cut more, than they really were

  8. Local Funding for Affordable Housing is Flat in FY 2011

  9. How the $87 million in DC’s Affordable Housing Budget is Divided

  10. Funding for the Housing Production Trust Fund has Fallen Dramatically Since FY 2008

  11. Most FY 2011 Affordable Housing Money Will Not Support any New Expansions of Programs • Programs with essentially flat funding: • DC’s Local Rent Supplement Program, • Permanent Supportive Housing Program, • Bridge Subsidy Program • Home Purchase Assistance Program, down 15 percent from FY 2010 • Federal Recovery Act funds continue to be available in FY 2011

  12. The Budget Process • Budget Support Act • Budget Oversight Hearings: • DHCD and DCHA: May 5th • Committee Mark-Up’s: • Committee on Housing and Workforce Development May 12th • Vote on the FY 2011 Budget and Budget Support Act: • May 25th (Budget just gets voted on 1 time!) • Final Vote on the Budget Support Act: • June 15th

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