The Fiscal Year 2025 Revised Local Budget Temporary Act of 2025 proposes a total decrease in appropriations of $236,858,618 from the Fiscal Year 2025 Local Budget Act of 2024. This reduction includes rescinded funds from various local agencies, such as the Board of Elections and the Department of Housing and Community Development, while reallocating resources to the Department of Human Services and the Metropolitan Police Department. The bill outlines specific financial adjustments across multiple sectors, including Governmental Direction and Support, Economic Development and Regulation, Public Safety and Justice, and Human Support Services. It also establishes grants for the National, Lincoln, and Howard theaters to support their acquisition, repairs, and operational expenses.
In addition to budgetary adjustments, the bill amends existing laws, including the Designated Fund Transfer Act of 2022 and the Hospital and Medical Services Corporation Regulatory Act of 1996, to modify fund transfer protocols and fiscal year designations. The act emphasizes investments in transportation, infrastructure, and public safety, with significant allocations for pedestrian and bicycle safety, stormwater management, and local street improvements. A fiscal impact statement has been adopted by the Council to outline the financial implications of these initiatives. The act will take effect upon approval by the Mayor and a subsequent 30-day congressional review period, with a provision for expiration after 225 days, ensuring timely implementation and oversight of the proposed initiatives.