District of Columbia Chief Financial Officer Natwar Gandhi has announced that he will resign his position for personal reasons on June 1.

In a Friday letter to Mayor Vincent Gray, Gandhi said the decision to retire was difficult, but that he feels comfortable retiring amidst the improving fiscal condition for the city. Gandhi has served as CFO for more than 12 years, overseeing a dozen upgrades to the district’s general obligation rating and the creation of its highly-rated income tax bonds.

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