PR 26-0322 Legislature · 26th Council Period (2025-2026)

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

This resolution authorizes the District of Columbia to issue up to $1.81 billion in bonds (including income tax secured, general obligation, and anticipation notes) to fund capital projects approved in the District's Fiscal Year 2026 Budget and Financial Plan. It is an emergency measure to enable timely bond issuance for projects already underway or planned, ensuring access to favorable market conditions without requiring a full legislative process. The resolution itself does not create new policy but provides the procedural authorization for borrowing.
Sub-Topics: Debt & Bonds
Bill status signed all 4 stages cleared
Introduction
Sep 2025
Committee Review
Oct 2025
Council Passage
Oct 2025
Signed into Law
Oct 2025
Introduced Sep 29, 2025 Signed Oct 7, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduction → Enrollment · 4 edits
MODERATE
The document transitioned from a cover letter requesting emergency legislative approval to the actual enrolled resolution text. The resolution itself was updated with minor formatting and numbering changes while maintaining the same core purpose of authorizing bond issuance for capital projects.
TECHNICAL

Removed the cover letter from the Chief Financial Officer dated September 29, 2025, which was a transmittal document rather than part of the legislative text itself.

Added the enrolled header indicating this is the official enrolled version of the resolution.

Changed the resolution title to include a bill number (26-208) and updated formatting of the resolution text including punctuation and line breaks.

Added a date stamp (October 7, 2025) to the resolution header indicating when it was enrolled.

Floor votes · Council Oct 7, 2025

How they voted

13–0
Passed
Total votes 13
Oct 7, 2025
D Democratic11
11 Yea
100% Yea
I Independent2
2 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
1
Oct 7, 2025
Council · Passed
Council Vote: pass (13-0)
council
Oct 7, 2025
Committee
Retained by the Council with comments from the Committee on Business and Economic Development
legislature
Sep 29, 2025
Introduced
PR26-0322 Introduced by Chairman Mendelson at Office of the Secretary
legislature
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Phil Mendelson
Phil Mendelson
DDemocratic
DC
Chairman