$400 million budget surplus for DC - DC News FOX 5 DC WTTG

$400 million budget surplus for DC

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When it comes to money, the District of Columbia is in better finically shape than many expected.

Mayor Vincent Gray is expected to announce a very large surplus to the city's current budget at a media briefing on Tuesday. The figure is expected to be more than $400 million.

The question is to spend it or save it. Some believe the extra revenue should be used to increase funding to social services. But other leaders think the money should be saved by the government in order to secure a better credit rating and to give the District an extra cushion if there are federal budget cuts from Congress.

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