Yesterday, the Mayor’s staff presented to the Council his plan to spend unexpected revenue from FY11 and FY12 to pay for funding priorities the Council passed a few weeks ago. With $115 million going to the items at the top of the list, restorations to housing programs will begin if any more than $3.2 million becomes available in future revenue. We do not want to be overly optimistic , but it is looking more likely that housing programs will receive some of the funding they deserve in the FY12 budget.
Want to see a spread sheet of the math on this? Click here (Developed by CNHED’s own Bob Pohlman)
Want to see the Post coverage? Click here
Update: You probably want this too: DC FPI’s description of how it all works is here