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

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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