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District Government: Information on Its Fiscal Condition

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Report Type Reports and Testimonies
Report Date July 19, 1996
Report No. T-AIMD-96-133
Subject
Summary:

This testimony discusses the results of GAO's review of the financial condition of the District of Columbia. It compares and contrasts the District's historical experience through fiscal year 1995 with its enacted and proposed budgets for fiscal years 1996 and 1997. Also discussed is the District's current cash position. GAO focused specifically on the District's cash position at the end of fiscal year 1995, as adjusted through March 31, 1996. GAO also reviewed what actions New York City (beginning in June 1975) and Philadelphia (beginning in June 1991) and their respective control boards took to respond to their cash shortages.

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