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D.C. boosts revenue forecast by $190m

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The District on Friday upgraded its revenue forecast for the 2013 fiscal year by $190 million, even as the threat of automatic, sweeping federal budget cuts looms next month. "This forecast builds on solid revenue gains achieved in fiscal year 2012," wrote Natwar Gandhi, the District's chief financial officer, in a letter to city officials. Gandhi also revised his projections upward for the...

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