The resolution, titled the Fiscal Year 2026 Budget Submission Requirements Emergency Declaration Resolution of 2025, addresses the urgent need to amend the existing Fiscal Year 2026 Budget Submission Requirements Resolution of 2024. Originally, the Mayor was required to transmit the Fiscal Year 2026 budget to the Council by April 2, 2025, but this deadline was not met. The resolution highlights significant changes in revenue estimates and federal appropriations that necessitate a new transmission date of May 15, 2025. This adjustment is crucial for the Council to have clarity on the budget process and to effectively plan for committee meetings and budget adoption.

The resolution emphasizes that the delay in the Mayor's budget submission is due to uncertainties surrounding the Fiscal Year 2025 supplemental budget and the processing timeline from the Office of the Chief Financial Officer. By approving this emergency amendment, the Council aims to provide certainty for both itself and the public regarding the budget schedule, allowing for a more organized approach to the Fiscal Year 2026 budget deliberations. The resolution is set to take effect immediately upon adoption.