D.C. Mayor Vincent Gray released his 2013 budget proposal Friday, saying that no new taxes or fees will be added to close an anticipated $172.1 million gap. He said fiscal responsibility will be used instead.
"This budget continues to fund my administration’s top priorities -- education, public safety and jobs and economic development -- while respecting the fiscal discipline required to safeguard those services for the future," Gray said in a release. "We had to make difficult choices, but we believe this budget maintains the right level of government services, including protecting our most vulnerable citizens, without raising taxes."
To close the budget gap, the District would make $102.7 million in cuts to expenditures and $69.4 million in revenue initiatives. Gray said the District would not dip into its crucial reserve fund.
"One thing we need to do a better job of is collecting what is already owed to the District government, and this budget invests in improving the efficiency of our revenue-collection process," Gray said.
More details on investments:
There will be a series of town hall meetings to help Gray get the word out to the public.
Find out more about the budget by clicking here, and check back throughout the day on News4 and NBCWashington.com for more information and analysis.