Before I start let me echo Greg's disclaimers. I haven't tried this disposal method as of yet. If any of you screw up and die, cause a severe population die-off, blow up your house, raise the dead, create a black hole, become possessed, etc. as a result of this post I will deny everything
I did some searching on the internet about Potassium Dichromate disposal (I am going to start doing some negative enlarging using the reversal method which uses a dichromate bleach). During my research I came across a book (via Google books) called "Hazardous Laboratory Chemicals Disposal Guide". The recommended disposal method for Potassium Dichromate that they provided is as follows (they are assuming that you are starting with the dry solid form):
1) Add solid to water (100ml/5g)
2) Acidify w/ Sulfuric acid (35-55ml) until you reach a pH of 1
3) While stirring add 13.5g of sodium thiosulfate until the solution becomes cloudy and blue colored
4) Neutralize w/ sodium carbonate
5) After a few minutes a blue/gray flocculant precipitate will form
6) Let mixture stand for 1 week or filter through Celite
7) After 1 week the supernant can be decanted and placed down drain
8) The remaining liquid is allowed to evaporate
9) The remaining residue is washed w/ hot water and dried.
10) Send the solid off to a hazardous waste facility
Hopefully somebody who actually knows about chemistry will chime in on whether this is a realistic disposal method.