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Gray: Ending CFO independence should be discussed

Sunday - 2/10/2013, 2:20pm  ET

WASHINGTON (AP) -- District of Columbia Vincent Gray says there should be discussion of returning some control of the city's finances to its elected leaders.

The district has had an independent chief financial officer since 1995, when Congress established the office as it took over management of city government. The Congressional control board disbanded in 2001, and the city's budgets have been balanced ever since.

Gray told The Washington Post (http://tinyurl.com/b74w9n5) in an article published Sunday that he'd consider taking some power away from the CFO. He says the city's financial operations "should be an inherent part of the government" -- that is, controlled by the mayor with oversight by the D.C. Council.

Longtime CFO Natwar Gandhi announced this month that he would be stepping down in June.

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Information from: The Washington Post, http://www.washingtonpost.com


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