DC Fiscal Policy Institute

Helping families pay for child care, regardless of income level, could boost DC’s economy by $1.7 billion through increased labor force participation & employment, increased productivity, decreased hiring costs for employers, & more. https://lnkd.in/dKcyhicP

Despite major support for taxing wealth to raise revenue, Mayor Bowser & DC Council failed to adequately fund dire housing needs & more in the FY25 budget. We examined how the mayor’s proposed & Council-approved budgets meet or fall short of our asks. https://lnkd.in/eihtYHZa

Join us in welcoming our new Grants Administrative Associate Dana Hock to the DCFPI team! She will support the advancement team with grant management and fundraising initiatives, bringing years of development and advancement experience. https://lnkd.in/edBr8ki4

Today, the DC Fiscal Policy Institute published a new report on the fines and fees imposed at nearly every stage of the criminal legal process and their disproportionate impact on Black and low-income residents. https://lnkd.in/dW_vFz3J

On Wednesday, the DC Council cast its second and final vote on the Local Budget Act, which sets the budget for each DC government agency and program for fiscal year 2025. Read the statement from DCFPI Executive Director Erica Williams (she/her):  https://lnkd.in/ezYT64Kx

Yesterday, DC Council cast their first vote on the fiscal year 2025 budget. It will go to a second vote on June 11, then sent to the mayor to sign into law and submitted to the US Congress for final passage. Read more about the timeline and find all our budget resources here: https://lnkd.in/dTch5BmR

Join us on June 20th for The Progress, our post-budget celebratory reception that includes cocktails and small bites, live music, and much more! The event is free to attend, but space is limited, so register now: https://lnkd.in/ejJcN-3k

New Report from Erica Williams (she/her): Without intervention to ensure spending keeps pace with growth in the economy, DC lawmakers are jeopardizing their ability to adequately fund public services. https://lnkd.in/dKp6fPm3

The DCFPI policy team has been testifying at budget hearings on public education, baby bonds, the Pay Equity Fund, and more. Read and watch our most recent testimonies here: https://lnkd.in/ecw7SkAc

New polling from DCFPI and Data for Progress shows that DC voters clearly support raising taxes on wealth to increase our collective resources. https://lnkd.in/esyZM3Qh