Revenue Short, but Tax Breaks Abound in D.C.
(Washington Business Journal) — One week after the close of a campaign that featured copious rhetoric on fiscal responsibility, the D.C. Council got back to work by — introducing and adopting a series of tax breaks.
The District may face upward of a $100 million shortfall in fiscal 2011, but never mind that.
The council, during Tuesday’s Committee of the Whole session, offered preliminary support for five tax abatements benefiting the Allen Chapel A.M.E. senior residential rental project, the Wayne Place Senior Living Limited Partnership, the 2323 Pennsylvania Ave. SE redevelopment project, the Thirteenth Street Church of Christ, and the 800 Kenilworth Ave. redevelopment project.
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