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

DC borrowing for schools and projects

If enacted, the District would be allowed to borrow up to $1.81 billion in FY2026 by issuing income-tax‑secured revenue bonds, general obligation bonds, and short-term bond anticipation notes for capital projects. The Mayor or Chief Financial Officer would decide what types of obligations to issue, when to sell them, and whether to refund short-term notes with long-term bonds. The resolution lists project allocations, including $487.38 million for school facilities, $279.23 million for local and regional transportation, $232.44 million for general support facilities, and other projects like housing, parks, libraries, and public safety. If enacted, any agency allocation that proved larger than needed would have to be made available for other Council-approved capital projects. The authorization would take effect October 7, 2025.