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By Mark Davis
The nation founders, the Lone Star State thrives
Topic - David Umansky
The District's top budget minder says the city does not need to raise the "ballpark fee" it imposes on businesses to pay down the massive debt it took to build a home for the Washington Nationals, a long-term endeavor in the nation's capital as other sports-crazed cities grapple with the role of public funds in high-stakes stadium deals.
The District has followed through on plans to borrow $10 million from its contingency reserve fund to cover damage from last month's earthquake — a conservatively high estimate of what it will actually need — as it continues to assess the monetary fallout from the hurricane that passed the region days later.
For the second time this year, D.C. officials drew up memos, planned inter-agency briefings and put vacation plans on ice while power brokers on Capitol Hill worked through a stalemate with major implications for the District.
"I don't think it will be open under city auspices," said David Umansky, spokesman for the city's Chief Financial Officer. "We will wait 30 days for the owners to settle the matter. If that doesn't happen the property and contents will be auctioned off."
To reconcile the issue, the CFO's lawyer is reviewing the law, Mr. Umansky said.