WASHINGTON - An "economic tsunami" has hit the District of Columbia as it faces another $136 million revenue gap for the fiscal 2009 budget, bringing to nearly $400 million the total drop in revenues since June, chief financial officer Natwar Gandhi said yesterday.

Warning the financial picture will worsen for the district in the next few fiscal years, Gandhi projected revenues will be down $800 million in fiscal 2010, $967 million in 2011, and $1.1 billion in fiscal 2012 from estimates less than a year ago.

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