The District of Columbia is bracing for significant Economic Challenges from Federal Workforce cuts continue, according to D.C.'s Chief Financial Officer's revised Revenue estimate for the fiscal years 2025 to 2029. The Trump (R) Administration’s Cuts to the Federal Workforce are expected to result in a $1 billion Deficit over the next Three years, the Report estimates.
The District's Economy, which has Historically been buffered by the Substantial presence of Federal Agencies, now faces considerable Uncertainty. The Report expects the efforts to Reduce the Federal Workforce to have a "disproportionate impact on the District’s economy."
The Forecast, which has been Adjusted Downward by $21.6 million for 2025, anticipates a sharp decline in Federal Employment, with a Projected reduction of 40,000 jobs, or 21%, by the end of the Financial Plan period.
Approximately 190,000 Federal Employees work in the District, constituting about 9% of the National Total and 25% of the District's Total Jobs, according to the Report. An additional 72,000 District Residents are employed by the Federal Government, making up roughly 19% of the District's Total resident employment.
As oftoday, over 75,000 Federal Employees Nationwide have accepted Buyouts, and many Probationary Employees have been Fired. The anticipated Federal Job Cuts are expected to have a ripple effect on the Local Economy, impacting Sectors reliant on Federal Spending, such as Restaurants, Retail, Transportation, and Federal Contracting.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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