Michael Neibauer reports Gandhi is stepping down for personal reasons, citing a statement from Gandhi’s spokesperson David Umansky.
Gandhi, the city’s CFO since 2000, and Mayor Vincent Gray recently announced the city had a $417 million surplus for fiscal year 2012.
According to the Washington Post, that surplus pushed the city’s budget reserves to $1.5 billion.
The city council confirmed Gandhi for a third full five-year term in July 2012, according to the Post.
Council member Jack Evans (D-Ward 2), chairman of the council’s Finance and Revenue Committee, told the Post he believes the council should confirm a successor before Gandhi steps down.