{"data":{"id":"us-dc/d.c.-code-2-1208.02","jurisdiction":"us-dc","citation":"D.C. Code § 2-1208.02","heading":"Unified Economic Development Budget Report.","body":"(a)\n(1)\nOn or before March 1, the Chief Financial Officer shall compile and publish an annual Unified Economic Development Budget Report (“Report”) with regard to the fiscal year just concluded. The report shall be produced in both printed and electronic form and shall be freely available in offices of all District agencies included in the report. A user-friendly electronic version of the report shall be posted on the Government of the District of Columbia’s website in a central location that the public can easily locate.\n(2)\nThe comprehensive report shall provide the following information regarding the economic development incentives offered by the District:\n(A)\nThe name of each recipient receiving one or more economic development incentives with a combined total value equal to or greater than $75,000;\n(B)\nThe dollar value of each economic development incentive received by each recipient; provided, that any economic development incentive received by a recipient with a value less than $75,000 shall not be itemized; the Chief Financial Officer shall report an aggregate dollar amount of those expenditures and the total number of recipients aggregated;\n(C)\nThe aggregate dollar amounts for each type of incentive;\n(D)\nThe aggregate dollar amounts expended per ward;\n(E)\nThe aggregate number of companies, groups, or individuals receiving each type of economic development incentive; and\n(F)\nThe total cost of all economic development incentives appropriated by each granting body categorized by the granting body’s name.\n\n(b)\nThe Mayor shall submit annually, as part of the annual budget request to the Council, a single document estimating the costs of all economic development incentives for the fiscal year of the requested budget, including:\n(1)\nThe total cost to the District resulting from the proposed economic development incentives, including the costs for each category of proposed tax expenditures, and the amounts of proposed tax expenditures classified by ward;\n(2)\nThe cost to the District of all proposed appropriated funds for economic development incentives by District agency, instrumentality, or public institution of higher education;\n(3)\nFor each recipient listed in the most recent Unified Economic Development Budget Report prepared pursuant to subsection (a)(2)(A) of this section that has received an economic development incentive in anticipation of, or as the result of, the development or redevelopment of real property, the Mayor shall list all requirements imposed on the recipient in exchange for those incentives, including any requirements related to:\n(A)\nThe production or preservation of affordable housing;\n(B)\nThe employment of District residents;\n(C)\nThe participation of certified business enterprises in the construction or operation of the real property; and\n(D)\nThe production of community amenities; and\n(4)\nFor each recipient that received an economic development incentive in anticipation of, or as the result of, the development or redevelopment of real property within the previous 5 years, the Mayor shall determine whether the recipient is in compliance with any requirements listed in paragraph (3) of this subsection for that recipient and shall list, when applicable:\n(A)\nThe current number of affordable housing units on the property, their level of affordability, and the number of bedrooms per unit;\n(B)\nThe number of District residents employed as a result of the development or redevelopment of the property, including the average wages of newly employed residents, the value and type of employment benefits provided, and whether the employees are full-time or part-time;\n(C)\nThe participation of certified business enterprises in the construction or operation of the real property;\n(D)\nAny realized changes to overall tax revenue resulting from the development or redevelopment.\n\n(c)\nAny granting authority agencies administering any economic development incentive shall cooperate and assist the Chief Financial Officer in the preparation of the Unified Economic Development Budget Report and all reporting requirements imposed by this subchapter.","path":["Title 2. Government Administration.","Chapter 12. Business and Economic Development.","Subchapter IV-A. Economic Development Budget Transparency."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/2-1208.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"e3bbd3e0e5b67fce3c924f060a367e83c192a494a99b6bbe2e80479e16747e40","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-2-1208.01","next":"us-dc/d.c.-code-2-1208.03"},"notice":"GroundRules: Original legal text. Not legal advice."}