The "Fiscal Year 2026 Local Budget Act of 2025" proposes a budget of $21,835,987,793 for the District of Columbia government for the fiscal year ending September 30, 2026. The act emphasizes that total appropriated operating expenses must not exceed the District's total revenues for the fiscal year. It includes provisions for the reprogramming and transfer of funds, with specific allocations for emergency needs and infrastructure projects. The budget aims to address economic challenges, including the anticipated loss of 40,000 federal jobs and a projected $1 billion revenue decrease over four years, while promoting a "Growth Agenda" that focuses on investments in local businesses, public safety, education, and affordable housing.

The bill also details funding allocations for various departments and programs, ensuring that funds remain available for expenditure until September 30, 2026. It allocates significant resources for housing, small business development, public safety, and education, with specific amounts designated for initiatives such as the Commission on the Arts and Humanities and the Department of Housing and Community Development. Additionally, it establishes reserve accounts and allows for the continuous availability of certain funds, ensuring effective management and utilization of appropriated resources. The act will take effect following approval by the Mayor or after a Council override of a veto, along with a 30-day congressional review period.