What will DC cut to meet a $1 billion budget shortfall?

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What will DC cut to meet a $1 billion budget shortfall?

D.C.’s chief financial officer dropped an economic bombshell late Friday evening: The District is facing a budget shortfall of more than $1 billion over the next three-and-a-half years, he projected. CFO Glenn Lee flagged revenue drops from income tax, property tax and sales tax as the Trump administration fires and lays off thousands of federal workers. At separate press conferences Monday, Mayor Muriel Bowser and D.C. Council Chairman Phil Men…