District of ColumbiaPR26-0322Council Period 26 (2025-2026)HouseWALLET

Fiscal Year 2026 Income Tax Secured Revenue Bond, General Obligation Bond and General Obligation and Income Tax Secured Bond Anticipation Note Issuance Authorization Emergency Declaration Resolution of 2025

Sponsored By: Phil Mendelson (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

DC authorizes $1.81 billion in bonds

Effective October 7, 2025, the District can borrow up to $1,809,820,675 by selling bonds and notes. The bonds can be income tax‑secured or general obligation. The money funds or reimburses Fiscal Year 2026 capital projects approved in the FY 2026 Budget and Financial Plan. As an emergency measure, it takes effect right away on that date so bonds can be issued without delay. This speeds project funding but increases public debt and future debt‑service costs.

Sponsors & Cosponsors

Sponsor

Phil Mendelson
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 13 • No: 0

House vote • 10/7/2025

Final Reading