WASHINGTON– The House Committee on Oversight and Government D.C. subcommittee will host the top two at-large elected officials in the District on Thursday at 8:45 a.m. Mayor Vincent Gray and Council Chairman Kwame Brown will testify at a hearing on the District’s Fiscal Year 2012 budget.
The subcommittee’s chairman, Rep. Trey Gowdy, R-SC., has called the hearing to examine the fiscal sustainability of D.C. spending. In 1995 the District of Columbia Financial Responsibility and Management Assistance Act established a five member “Control Board” to oversee financial matters. The Control Board was disbanded in 2001 when District had achieved four consecutive balanced budgets and met other criteria. There are seven separate “triggers” which would automatically revive the Control Board.
In addition to the two elected officials, D.C. Chief Financial Officer Natwar Gandhi will testify on a separate panel. Full witness list and hearing information can be found below. Testimony will be posted as it becomes available at http://oversight.house.gov/
WHAT: The District of Columbia’s Fiscal Year 2012 Budget: Ensuring Fiscal Sustainability
WHO: Subcommittee on Health Care, DC, Census, and the National Archives, Chairman Trey Gowdy, R-SC.
WHEN/WHERE: 8:45 a.m. on Thursday May 12th in 2154 Rayburn House Office Building
• The Honorable Vincent Gray, Mayor, District of Columbia
• The Honorable Kwame Brown, Chairman, DC City Council
• Dr. Natwar Gandhi,Chief Financial Officer, District of Columbia
• Mr. Jim Dinegar, CEO, DC Board of Trade
• Mr. Matt Fabian, Managing Director, Municipal Market Advisors
• Dr. Alice M. Rivlin, the Brookings Institution; former Chair of the Control Board