Gray: $417 Million D.C. Surplus Will Stay In Bank

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Mayor Gray reveals that the District’s surplus will stay right where it is. Read more about his comments below.

Mayor Vincent C. Gray will keep a $417 million budget surplus in the District government’s savings account, building the city’s reserves to $1.5 billion — the highest level since 2005 and the second highest total since the city gained limited independence from Congress.

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