Congress Establishes Financial Control Board To Run District

1995

In the early 1990s, the District of Columbia experiences a severe fiscal crisis brought on by mismanagement, costly spending, and the crippling costs uniquely borne by the District of Columbia. Congress establishes a financial control board and transfers the majority of the mayor’s authority to the board. In 1999, most authority over city agencies will be returned to the city’s elected mayor and city council.