D.C. Mayor Vincent Gray said on Friday that the city is on pace to accrue roughly $42.2 million in excess revenue during the 2012 fiscal year. The city’s chief financial officer has made the projection less than three months into the city’s 2012 fiscal year, which began Oct. 1.
Gray wants to divvy up the extra cash between the Department of Health Care Finance, Department of General Services and D.C. Public Schools. Here’s his breakdown:
Department of Health Care Finance — $10.2 million
- $6.0 million for more inpatient hospital care
- $4.2 million to cover D.C. HealthCare Alliance funding shortfall
Department of General Services — $10.6 million
- $6.5 million for cost increases for fuel and water/sewer service for District cars and buildings
- $4.1 million for facilities maintenance
D.C. Public Schools — $21.4 million
- $4.5 million to cover federal funding reductions
- $10.7 million for increases in food-service contracts
- $2.8 million for merit-based raises for teachers
- $3.4 million for increased personnel costs for non-instructional staff
Gray plans to submit a supplemental budget to the D.C. Council soon. The city also had a funding surplus at the end of the 2011 fiscal year but the council opted to deposit it in savings after dipping into the account to balance the budget in previous years.
