Congress sees red: control board looms for D.C.(financial control board may be established to manage the finances of Washington, D.C.)

Nation's Cities Weekly, February, 1995 by Fletcher, Jeff

Congress is on the verge of creating a financial control board to oversee Washington, D.C.'s city finances. Fearing more draconian solutions, like receivership, the city's elected leaders voiced cautious support for the control board concept during Congressional oversight hearings last week.

A request by local leaders for additional federal aid beyond the current $660 million annual federal payment to the city was flatly rejected by lawmakers on the Congressional panel.

Appearing before a joint session of the two House committees with responsibility for District of Columbia affairs were Mayor Marion Barry, Council Chairman David Clarke, and city financial management officials. Also testifying were auditors from the U.S. General Accounting Office (GAO), who...

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