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Taxes on real property value and transactions accounted for 38% of FY 2011 DC tax revenues.
Medicaid enrollment in the District of Columbia increased rapidly during the recession.
Enclosed is the status report on the District's monthly activities and balances in the Emergency and Contingency Cash Reserve Fund as of December 31, 2012. The numbers contained in this status report are preliminary and unaudited.
Hotel stays are 6% higher than 5 years ago (right before the onset of the US recession).
As percent of Personal Income, FY 2011 Individual Income Tax revenue was below the 25-year average.
Potential federal government cutbacks cloud the outlook for DC's economy and revenues.
Services contributed almost as much as the federal government to DC job growth over the past 4 years.
A key DC housing price Index has rebounded back to 1.9% higher than its 2007 pre-recession peak.
Since the recession, the education and health sector has become the biggest source of job growth.
Taxes on real property value and transactions accounted for 38% of FY 2011 DC tax revenues.