District of Columbia Financing

State:
Multi-State
Control #:
US-TC05082D
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Description

This is a financing agreement addendum to the software/services master agreement order form. It includes terms on interest and prepayments.

How to fill out Financing?

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FAQ

If you received a check or EFT (Electronic Funds Transfer) payment from Treasury and don't know why it was sent to you, the Bureau of the Fiscal Service Call Center can help. The Bureau of the Fiscal Service Call Center can be reached by calling 1-855-868-0151, Option 2.

The mission of the Office of Finance and Treasury (OFT) is to efficiently and effectively manage the financial assets and liabilities of the Government of the District of Columbia. This includes receiving, safekeeping, investing, disbursing, recording, and acquiring District financial resources.

The largest sources of DC's revenue are local taxes and federal funds (Figure 2). The three largest sources of local tax revenue are property, individual income, and sales and use taxes. Some taxes, known as dedicated taxes, can only be spent on specific activities.

The District of Columbia's current budget The District of Columbia enacted its FY 2023 budget in May 2022. The enacted budget included $19.5 billion in total spending.

Washington DC, Wyoming, and Alaska had the highest rates of federal funding per person. State or territoryFederal Funding in dollars per personWashington DC$6,983Wyoming$6,984Alaska$6,495Vermont$5,4631 more row ?

U.S. Department of the Treasury Treasury will continue to send out checks as extensions or late-filed returns are processed.

Washington DC, Wyoming, and Alaska had the highest rates of federal funding per person. State or territoryFederal Funding in dollars per personWashington DC$6,983Wyoming$6,984Alaska$6,495Vermont$5,4631 more row ?

The District of Columbia's general revenues were $16.9 billion in FY 2021, or $25,197 per capita. National per capita general revenues were $12,277. The District uses all major state and local taxes.

Revenues to support the services provided by the operating budget come from a variety of sources, such as taxes, fees and charges, and federal revenues. The capital budget provides information on the District's infrastructure, fixed assets and other capital needs.

Federal aid is also awarded from formula grants that incorporate population and poverty statistics. California receives the highest total amount of federal funding at $43.61 billion. California, however, only receives net federal funding of $12 per resident.

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District of Columbia Financing