DC mayor seeks business-friendly policies to spark growth amid loss of up to 40,000 federal jobs
- Amid two simultaneous budget challenges confronting the capital, D.C. Mayor Muriel Bowser introduced a new financial plan on Tuesday.
- The immediate crisis started in March when a federal funding bill forced the city to revert to its 2024 budget, cutting $1.1 billion midyear.
- Bowser’s proposal relies on business-friendly policies like tax incentives, streamlined zoning, and pausing some environmental rules to boost development and diversify the economy.
- The $1 billion budget gap could lead to the loss of 40,000 jobs, and Bowser emphasized the need to expand employment opportunities, attract additional enterprises, and increase the population to adapt to the evolving economy.
- Bowser navigated the deficit without mass layoffs using hiring freezes and bookkeeping, but tightening Medicaid could remove 25,000 residents, and the council’s debate may face resistance.
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DC mayor seeks business-friendly policies to spark growth amid loss of up to 40,000 federal jobs
WASHINGTON (AP) — With the nation’s capital facing a pair of overlapping budget crises, D.C. Mayor Muriel Bowser has unveiled a budget proposal that bets heavily on business-friendly policies designed to boost investment and move the city away from dependence on a dwindling number of federal jobs. “We have a shifting economy and if we don’t shift with it, we’ll have a city that people flee,” Bowser said Tuesday as she presented her proposals to …
DC Mayor Seeks Business-Friendly Policies to Spark Growth Amid Loss of up to 40,000 Federal Jobs
WASHINGTON (AP) — With the nation's capital facing a pair of overlapping budget crises, D.C. Mayor Muriel Bowser has unveiled a budget proposal that bets heavily on business-friendly policies designed to boost investment and move the city away from dependence on a dwindling number of federal jobs.
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