Congressional Budget Office Cost Estimate: H.R. 2793, District of Columbia Financial Efficiency Act of 2013   [open pdf - 15KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Oversight and Government Reform on July 24, 2013. From the Document: "H.R. 2793 would amend the District of Columbia Home Rule Act to allow the Council of the District of Columbia to determine its own fiscal year and, under certain conditions, to spend local revenue whether or not the Congress has approved the annual appropriations for the District. Under H.R. 2793, city funds could not be spent on any project for which spending is prohibited by another law and funding for projects would be subject to any limitations contained in the previous fiscal year's federal appropriations for the District. Those provisions would be effective beginning in fiscal year 2015. The bill also would raise the maximum pay for the city's chief financial officer. Based on information from the Government Accountability Office regarding the District of Columbia's budget and applicable appropriation law, CBO estimates that implementing H.R. 2793 would have no significant cost to the federal government. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. H.R. 2793 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments."

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