Mar 18, 2010
Gandhi Warns Against More Borrowing
D.C. CFO Natwar Gandhi is raising the alarm that the District is precariously close to surpassing its self-imposed 12 percent debt cap, and urging that any additional borrowing be curbed. Gandhi’s warning comes at the same time Mayor Fenty is putting the final touches on his proposed spending plan for FY2011. The city is already facing an estimated $500 million budget gap next year. “I urge the Mayor and Council to carefully evaluate the need…
Oct 16, 2009
D.C. Lottery Contract Proposal Awarded to Intralot
The Office of the Chief Financial Officer today announced that it will put forward a proposal to award the contract to operate the D.C. Lottery to Intralot, an international gaming management company. The contract is for an initial five-year period, and must be approved by the D.C. Council. The lottery contract has been an extremely sticky issue for the last year. Lottery Technology Enterprises, the company that’s been running the D.C. Lottery for over…