September tax revenue estimate for DC comes in higher than February estimate
Our office recently released its quarterly revenue estimate for the FY 2023 – FY 2027 District of Columbia Budget and Financial Plan. We revised our FY 2023 local source revenue estimate upward by $178.8 million based on year-to-date collections data that show higher than expected sales and corporate income tax revenue. Stronger than expected interest earnings from investible reserves also comprise part of the FY 2023 upward revision.
