"D.C. Council Chair Raises Alarm Over Looming Tax Hike and School Budget Woes"

D.C. leaders are preparing for a challenging budget for the next fiscal year, with a potential deficit of $600 million to $800 million. Mayor Bowser and Council Chairman Mendelson are considering a tax increase to address financial pressures, including the need to increase Metro funding, replenish reserves, and boost per-pupil funding for schools. The pandemic's impact on office vacancies and tax revenue continues to affect the city's finances, prompting discussions about potential cuts to programs and the need to focus on core services and public safety. Chief Financial Officer Glen Lee has cautioned about long-term economic risks, including declining tax revenue from commercial properties, while also highlighting some positive signs such as population growth and job rebound in the leisure and hospitality industry. The city's Tax Revision Commission is still finalizing recommendations for potential tax system reforms, adding to the complexity of the upcoming budget deliberations.