Washington, DC is synonymous with the federal government, and often, the size of its workforce is the measure of its impact on the District’s economy. However, as important as the people working for the government are to its economy, federal procurement spending – the act of the government buying goods and services from private companies – might be a more significant economic engine for the District than the federal workforce. Here's why: 

Below is the letter and accompanying presentation our office sent to the D.C. Mayor and Council, outlining our latest quarterly revenue estimate for September 2024. You can find the full letter with data appendices here. The presentation in powerpoint format is here.

In June, the Council of the District of Columbia passed legislation adopting a new budget and financial plan, beginning this coming October 1 and extending through fiscal year 2028.

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.

Read the full review online or download a PDF of the review