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Concerns about the city’s finances grew following a recent report from Standard & Poor’s that “increased costs and liabilities associated with the District’s recent purchase of UMC” could negatively affect the city’s credit rating.

Ward 5 Council member Harry Thomas Jr. said at the audit briefing that the CAFR underscores critical points that the Gray administration must address. The fact that the city received another clean audit is not enough.

“The CAFR is no longer something to celebrate. It is something we expect,” Mr. Thomas said. “It is the standard. We have to tighten our belt.”