PR 26-0323 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 Approval Resolution of 2025

This bill authorizes the District of Columbia to issue up to $1.81 billion in bonds (including income tax secured bonds and general obligation bonds) to fund existing capital projects approved in the District's Capital Improvement Plan. The funds will finance infrastructure and public projects like roads, schools, or utilities, with repayment sourced from future District income tax revenues. As an emergency resolution, it fast-tracks approval for these bonds to ensure timely project funding under the District's FY2026 budget. This is a routine financing mechanism, not a new policy change, and directly affects District taxpayers through future tax obligations.
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 · 3 edits
MINOR
The document was converted from a letter request to the Council into an official enrolled resolution. The substantive policy content regarding the $1.8 billion bond authorization remains unchanged, but the format was formalized for legislative adoption.
TECHNICAL

The document was converted from a letter transmittal to the Council into an official enrolled resolution format, including proper resolution numbering (26-209) and formal header structure.

Removed the letter format including the Chief Financial Officer's signature block, date, and enclosures section that were part of the transmittal letter but not part of the final resolution text.

Adjusted line numbers and formatting throughout the document to reflect the transition from a letter document to a formal enrolled legislative resolution.

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
PR26-0323 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