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 revised budget timeline, proposing a new transmission date of May 15, 2025. This adjustment aims to provide clarity and certainty for the Council and the public regarding the budget process.

The resolution emphasizes the importance of timely budget transmission to allow the Council to effectively plan its committee meetings, markups, and adoption of the Fiscal Year 2026 budget. It cites emergency circumstances that warrant immediate adoption of the amendment after a single reading, ensuring that the Council can proceed with necessary budgetary actions in light of the Mayor's delays and the financial challenges faced by the District. The resolution is set to take effect immediately upon approval.