District of columbia assets 2025

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The largest sources of DCs revenue are local taxes and federal funds (Figure 2). The three largest sources of local tax revenue are property, individual income, and sales and use taxes. Some taxes, known as dedicated taxes, can only be spent on specific activities.
The U.S. Constitution provides Congress with plenary legislative authority over the District of Columbia (the District) as the federal capital.
The government industry contributed the most to District of Columbias GDP in 2023, generating a value of $44.9 billion. It was followed by professional and business services ($37.9 billion) and real estate, rental, and leasing ($13.2 billion).
Washington, D.C. Demonym Washingtonian GDP Federal capital city and district $176.502 billion (2023) Metro $714.685 billion (2023)44 more rows
Answer and Explanation: The federal government owns Washington DC.

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The Constitution dictates that the federal district be under the jurisdiction of the US Congress. Washington, DC operates as a state while also performing functions of a city and a county. We are treated as a state in more than 500 federal laws.
In 1847, the portion of the city that had originally belonged to Virginia was retroceded, after the voters of Alexandria elected to leave DC, feeling that they had been left out of development on the other side of the river.

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