District of ColumbiaPR26-0323Council 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 Approval Resolution of 2025

Sponsored By: Phil Mendelson (Democratic)

Became Law

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

District can borrow $1.81 billion for projects

The law lets the District issue bonds and short-term notes for capital projects. The combined total across bonds and notes may not exceed about $1.81 billion. Money pays for schools (about $487 million), transportation (about $279 million), fleet (about $122 million), and other public needs. Funds can cover project costs, pay issuance fees, and reimburse temporary advances. Notes can fund startup costs and may be taxable or tax-exempt, as allowed by law.

Chief Financial Officer manages bond choices

The Chief Financial Officer chooses which debt tools to use for these projects. The CFO can time and approve any refinancing of short-term notes. The Mayor or CFO can sign all documents needed to issue and sell the debt. All actions must follow the Income Tax Bond Act and the Bond Acts.

Leftover bond money shifts to projects

If a listed project needs less money, the extra must fund other approved projects. Extra funds can only move to projects the Council already approved in a bond act.

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