publications | Budget, Economy

Chart of the week: Mayor Bowser’s FY 2023 proposed budget

March 18, 2022
  • D.C. Policy Center
Featured Image

Mayor Bowser submitted her budget to the D.C. Council on Wednesday, March 16 and the budget tables show that the proposed FY 2023 budget (local portion only), set at nearly $10.7 billion, grew by 10 percent from the revised FY 2022 budget. Recurring revenue (money from taxes, non-tax revenue, and the lottery) is at $9.5 billion, showing a growth of 4 percent from FY 2022’s projected revenues. The budget is balanced by $1.2 billion of non-recurring, one-time resources which include the city’s savings from previous years (including the surplus from FY 2021) and federal fiscal aid. 

Further reading:
High-level budget presentation | Executive Office of the Mayor
FY 2023 Budget book | Office of the Chief Financial Officer

Author

D.C. Policy Center


Established in 2016, the D.C. Policy Center is a non-partisan research and policy organization committed to advancing policies for a strong and vibrant economy in the District of Columbia. Through rigorous research and collaboration, the D.C. Policy Center develops and tests policy ideas, disseminates its findings, and engages in constructive dialogue and debate.

For more information, please see our About page.

Related