The "Fiscal Year 2026 Local Budget Emergency 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 the importance of balancing expenditures with revenues, ensuring that appropriated funds do not exceed total revenues. It allows for the reprogramming or transfer of certain funds for operating expenses and emergency expenditures. The budget prioritizes economic growth, public safety, education, and affordable housing, with significant allocations including $30 million for the Metropolitan Police Department, $2.8 billion for DC Public Schools, and $160 million for the Housing Production Trust Fund.

Additionally, the bill outlines specific funding allocations for various departments and programs, totaling $1,274,990,284, and allows for the transfer and reprogramming of federal funds under the American Rescue Plan Act and the CARES Act upon the Mayor's request. It ensures that unspent amounts in non-lapsing funds from Fiscal Year 2025 can be utilized in Fiscal Year 2026. The legislation also mandates that funds deposited into certain accounts during Fiscal Year 2026 remain available for expenditure until September 30, 2026, thereby providing a structured financial framework for the District's operations while ensuring essential services and programs are adequately funded.