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cfo

Office of the Chief Financial Officer
 

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Attention taxpayers and business owners: The increase in the general sales tax rate to 7% has been postponed. The general sales tax rate remains 6% through September 30, 2027.

The September 2026 revenue estimate has been released: OCFO Releases September 2026 Revenue Estimates for FY 2026-2030 | cfo

Office of the Chief Risk Officer

Functions:

  • Ensuring the governance of risks and opportunities for the Office of the Chief Financial Officer (OCFO).
  • Confirming that the organization is in complete compliance with the District of Columbia government’s regulations and guidelines.
  • Identifying, assessing, and mitigating risks across the OCFO, including financial, regulatory, operational, technology, emerging, implementation, and fiduciary risks.
  • Developing risk policies and initiatives across the OCFO to strengthen and improve the operations to minimize risks.
  • Developing and managing a comprehensive process for assessing, identifying, monitoring, and reducing pertinent business risks that could interfere with the OCFO’s objectives and goals.
  • Ensuring that the organization is fully prepared for regulatory examinations, including risk mitigation policies, procedures, and practices.
  • Establishing and institutionalizing an integrated risk management framework.

Key Staff:
Chief Risk Officer: Marshelle Richardson

Contact Information:
1101 4th Street, SW
Suite 772W
Washington, DC 20024
(202) 442-6543