Results tagged “cfonatwargandhi”

Attention investors: The D.C. Office of the Chief Financial Officer has set up a new web site, www.buyDCbonds.com, in order to offer approximately $270 million in income tax-backed bonds for sale on August 18 through 19. The impending bonds offer comes at the same time that CFO Natwar Gandhi announced today that the city has retained its high marks from all three ratings agencies: Standard & Poor’s once again gave D.C. a AAA rating, Moody’s Investors Service’s assigned a Aa2 rating, and Fitch Ratings a AA designation. In a memo to D.C. Mayor Adrian Fenty, D.C. Council Chair Vincent Gray, and D.C. Council Finance Committee Chair Jack Evans (Ward 2), Gandhi also announced that all three rating services have given the bonds a "stable" ratings outlook. "I must emphasize that the affirmed ratings and stable outlooks are particularly commendable given the widespread strain in the current national economy. Many other states and local governments have experienced downgrades including California and Michigan, or a change in outlook to "negative" as the Washington Post reported about New Jersey yesterday," Gandhi wrote in the memo.

D.C. Wire has a fantastic tidbit from a series of internal Office of Tax and Revenue emails between District CFO Natwar Gandhi and embezzler of $50 million Harriette Walters. The emails, written in April of 2007, about seven months before the scandal broke, came about after Gandhi sent out an announcement to his employees letting them know that had decided not to accept an offer to become Amtrak’s CFO. Walters replied to Gandhi's staff-wide email with a brown-nosing note full of bad grammar: “Sir, I would like to say thank you for keeping us inform [sic] of a decision that would have impacted the employees within the CFO Cluster. I appreciate that you respected us to provide follow up to the recent news reports that we read and heard over the pat [sic] week. Thank You!” Gandhi then wrote back to Walters: “Thank you. Keep up the good work.”

Happy Christmas Eve, Washington. With the frenzy of last-minute shopping and travel out of the city largely complete, folks staying here for the holiday are being treated to a quieter, gentler D.C. than normal, and it turns out in more ways than one. Over the weekend the Post took a look at a recent decline in the murder rate, reporting that only nine homicides have been logged in the District in the 37 days since Nov. 17. That adds up to roughly half the average murder rate for the rest of the year. Are the District's murderers just feeling the holiday spirit a little more deeply this year? Chief Lanier, naturally, credits the work of her detectives, noting a sharp increase in the number of homicide arrests made during the same period.

>> Congress finally, finally went home. [The Hill]

Good morning, Washington. Think good thoughts for Tian Tian, the National Zoo's male giant panda and the biological father of Tai Shan/Butterstick. Tian Tian underwent eye surgery yesterday to remove inflamed tissue from one of his third eyelids. He's expected to make a full recovery, but in the meantime he'll have to live with the shame of being the one to expose this whole pandas having third eyelids monstrosity. DCist has always held a firm editorial stand that pandas are adorable, but after learning this fact we may have to convene our board to reconsider.

>> Congress has taken away D.C. CFO Natwar Gandhi's pay raise in the wake of the Office of Tax and Revenue embezzlement scandal. Happy Holidays, Mr. Gandhi! [WaPo]

In most any public or private sector job, losing $31 million on your watch is a surefire way to get yourself fired. CFO Natwar Gandhi's reputation for saving the city's finances has thus far protected him from what is to date the District's biggest corruption scandal. But his fortunes might be changing. Buried towards the end of an article from the Examiner today on an investigation into the tax refund scheme that milked the city...

Good morning, Washington. Yesterday afternoon Roll Call had the story of a potential suspect finally being identified in all those strange Senate bathroom fires from the last few months. Capitol Police Officer Karen Emory recently has been suspended in connection with the fires, although it still hasn't been confirmed whether she is definitely a suspect in the case. No charges have been filed, but color us a little disappointed if it turns out a...

Friday has arrived at last, Washington. Despite the federal holiday on Monday, it's been a rather long week for many of us - though of course, we couldn't hold a candle to the week that D.C. CFO Natwar Gandhi has had. The Post writes about yesterday's lengthy D.C. Council hearing into the tax office scandal, which lasted until 9 p.m. and where it was apparently revealed late in the evening that authorities are investigating the...

The overwhelming consensus so far at today's D.C. Council hearing on the recent theft of what looks to be $30 million-plus from the District's tax coffers? The scandal has damaged the reputation of the city government, and the council members are pissed. While most statements have clung to the nasty tidbits of information we already know (the enormity of the crime, that an auditor's warnings may have been ignored) and palliative cliches, council members provided...

Good Morning, D.C. Remember the news we told you about back in August, about an investigation into a potential prostitution ring at D.C. firehouses? Well D.C. Fire Chief Dennis Rubin acknowledged yesterday under fire from the D.C. Council that "sex for overtime" allegations in his department are "potentially true." The Council also expressed concern about the abnormally high rate of disciplinary action against African American firefighters in the department. African Americans were the subjects of...

>> Maryland police apprehended the prisoner who stole an officer's gun and escaped from custody from a Laurel hospital. [WTOP] >> Shortly after abandoning his run for the White House, Stephen Colbert ended up in a three-way tie for a seat on the Colonial Soil and Water Conservation District Board in Williamsburg. Sadly, he won't be able to serve if selected by a hat draw (seriously), because he's not a registered voter in the...

Let's check in with the widening Office of Tax and Revenue embezzlement scandal, shall we? Over the weekend, the Washington Post reported that two more tax office employees had been placed on leave from their jobs in connection with the alleged $20 million-plus fraud, though CFO Natwar Gandhi refused to identify them except to say they work in the real property assessment division of the office. Four senior managers have tendered their resignation since the...

Good morning, Washington. In case you didn't believe us when we first told you that this tax office corruption scandal was going to get bigger and badder as the week went on, just check out the trio of stories on offer from the Post this morning on the widening scandal. First and foremost, it turns out Harriette Walters and Diane Gustus allegedly worked together to steal $4 million more than originally thought, bringing the grand...

Good morning, Washington. It's Friday, and the city is still reacting to yesterday afternoon's announcement about how our new taxi meters are going to work. We already told you about the $4 flag drop, which many people are already saying is too high, and the fact that taxi roof lights will go on and off automatically to indicate whether a cab has a passenger, which everyone seems to agree is long overdue. One more thing...

Welcome back to work, Washington. Perhaps you're struggling to focus this morning, having only barely recovered from the weekend's Halloween festivities. Perhaps you just had a difficult time extricating yourself from your bed on this first cold morning of the year. Whatever the case may be, DCist recommends a strong cup of coffee with a dash of Rumbler to get your motor running today. The Rumbler is described as a "high-tech blaster" being used in...

Good morning, Washington. For those of you who were inconvenienced by yesterday afternoon's Red line mishap, we're sure you'll be glad to hear that the suspect who Montgomery County police chased into the tunnel got away. The whole incident started just after 2 p.m. when officers, acting on a suspicious-person call, spotted Michael J. Brown, a man known by area police and who is wanted in Baltimore for several charges of theft. After a chase...

When Thomas P. Jacobus, general manager of the aqueduct that provides water to the District, Arlington and Falls Church commented to the Post today, "Perhaps sometimes we don't do the best job we could of communicating," he summed up in a few words the main problem that has plagued the D.C. Water and Sewer Authority -- which delivers water from the Washington Aqueduct to customers -- over the last few years. And while it remains...

Yesterday's legislative action in the D.C. Council, typical of end-of-session days, was jam-packed with votes. Here's a few more you may have missed: >> The Council moved ahead on a bill that restricts interest rates levied by the so-called payday loan industry, an issue we've looked at before. The bill passed on an initial reading, and if implemented would place a 24 percent annual percentage rate cap on interest charged by lenders. The Examiner notes...

>> In case you missed this story in the Washington Post this morning, it seems another one of D.C. Delegate Eleanor Holmes Norton's favorite long-term projects, expanding the District's Home Rule Charter to give the District budget and legislative autonomy, is actually getting some play up on the Hill. We can't even count how many times she's introduced bills like the two currently before the House, but it's been at least 15 years since Congress...

Good morning, D.C. Did you have a good weekend dodging and weaving between all those digestive disease specialists in town? We couldn't help but be impressed by the sea of 20,000 be-purple backpacked conference attendees, and kept hoping we'd meet one or two who could explain to us exactly what Crohn's Disease is anyway. WJLA was kind enough to remind us that Digestive Disease Week will have brought in $32 million to the District when...

It's going to be a bright and beautiful day here in Washington, and since we've had some less than sunny headlines so far this summer, we'd like to take a moment to point some good news. Believe it or not, your daily walks to work could actually begin getting easier. How, you say? Well we're just so glad you asked. It seems the city has begun spending money on rubberized sidewalks, which last longer than...

There's a weird little comment thread going on over at the Post blog Raw Fisher, where columnist Marc Fisher has highlighted D.C. CFO Natwar Gandhi's recent annual address to Congress. The District of Columbia makes little sense as a going concern. It can't tax most of the people who work in the city. It has enormous responsibilities, including a large poor population with overwhelming needs and a federal government that demands all manner of special...

According to word we have just received, the flat tax that Senator Sam Brownback (R-Kan.) is hoping to force upon the District is receiving a second round of debate and consideration today. The District of Columbia Subcommittee of the Senate Appropriations Committee, which he chairs, has scheduled a hearing today to dicuss his flat tax proposal, and it will be receiving testimony from District CFO Natwar Gandhi, Brookings Institution scholar Alice Rivlin, and Terence Golden...

Washington, D.C., thrives on the lobbying business. It's been part of the landscape here for a long, long time. And it's pretty important to our team and our new stadium.

We're always one to celebrate when the District is good at something. But today's news is bittersweet. We're really good, it seems, at having really bad air, or so reports the Washington Times. According to an updated EPA report, air quality in the District is the fourth worst in the country, ranking behind New York, California and Oregon based on tests for 177 air toxins, including lead and benzene. We can try and take solace...

News today has it that the U.S. Capitol Police seemed to have forgotten about the First Amendment on Tuesday night, when they arrested anti-war activist Cindy Sheehan and Beverly Young, the wife of a Republican representative, at the State of the Union address for wearing "expressive t-shirts." Ironically, Young's shirt was pro-military: "Support the Troops -- Defending Our Freedom." Capitol Police Terrance Gainer issued an apology and dropped the charges against the two. District Claims...

So, The United States is preparing to develop methods for generating fuel from switch grass. I don't know what switch grass is, but my gut tells me it's a lot like brush, and Bush stands to make a killing off this whole arrangement. There is a Better Way: So, Washington was host once more to the State of the Union. We continue to marvel at the fact that once a year, at a predictable time...

District political types and local journalists long waited for today -- the day the D.C. City Council would finally vote on the contentious stadium lease, the day on which D.C. Mayor Anthony Williams was to prove once and for all if he could round up key votes at key moments. Alas, it was not to be. As we reported late yesterday afternoon, Williams asked Council-chair Linda Cropp to postpone the vote on the stadium lease...

"Slowly but surely," D.C. Mayor Anthony Williams must be telling himself, "slowly but surely."