Blog posts
April Surprise Lifts FY 2025 Revenue, But Outyear Forecast Holds Steady
The District of Columbia’s June revenue estimate raised the FY 2025 forecast by $243.7 million, following an unexpected surge in April tax payments from corporations and high-income individuals—an "April Surprise" driven by strong capital gains and profits related to tax year 2024. As this boost is considered one-time in nature and the broader economic outlook has not shifted since February, projections for FY 2026 through FY 2029 remain unchanged.
DC Economic and Revenue Trends Review: April 2025
Each month our office publishes a review of economic and tax revenue data for DC. The review includes data on employment and wages, residential and commercial real estate, hospitality, the US economy and federal government, and DC tax collections. Below are the highlights from our latest review.
A lost decade? How the District fared in the 1990s, the last major downsizing of the federal workforce
Part 1: Employment and population
What happened to District employment?
DC Economic and Revenue Trends Review: March 2025
Each month our office publishes a review of economic and tax revenue data for DC. The review includes data on employment and wages, residential and commercial real estate, hospitality, the US economy and federal government, and DC tax collections. Below are the highlights from our latest review.
Federal Downsizing and Unemployment: What the Data Shows for the District's Future
The federal government has embarked on a major downsizing of the federal workforce, which has significant ramifications for the District of Columbia's (District) economy and finances. Our office’s recent revenue estimate reflects the impact of the downsizing on the District's revenue, forecasting a loss of 40,000 federal jobs and a total of 32,000 jobs in the District over the next four years.
DC Economic and Revenue Trends Review: February 2025
Each month our office publishes a review of economic and tax revenue data for DC. The review includes data on employment and wages, residential and commercial real estate, hospitality, the US economy and federal government, and DC tax collections. Below are the highlights from our latest review.
DC Economic and Revenue Trends Review: January 2025
Each month our office publishes a review of economic and tax revenue data for DC. The review includes data on employment and wages, residential and commercial real estate, hospitality, the US economy and federal government, and DC tax collections. Below are the highlights from our latest review.
DC Economic and Revenue Trends Review: December 2024
Each month our office publishes a review of economic and tax revenue data for DC. The review includes data on employment and wages, residential and commercial real estate, hospitality, the US economy and federal government, and DC tax collections. Below are the highlights from our latest review.