District of Columbia Chief Financial Officer Natwar Gandhi is retiring from the city government as of June 1, the Washington Business Journal reports.
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.
