The resolution submitted by the Mayor of Washington, DC, outlines the Fiscal Year 2026 Budget and Financial Plan, titled "Grow DC," which aims to address the economic challenges facing the city, including a projected loss of 40,000 jobs and a $1 billion revenue reduction over the next four years due to recent federal government actions. The budget emphasizes the need for strategic investments to stimulate economic growth, support local businesses, and maintain essential city services. Key initiatives include funding for infrastructure projects, support for the arts and technology sectors, and measures to streamline business operations and reduce taxes.
Additionally, the resolution highlights the importance of right-sizing spending in response to inflation and increased demand for services, while still investing in shared priorities such as public safety, education, and affordable housing. The budget proposes significant allocations for the Metropolitan Police Department, DC Public Schools, and the Housing Production Trust Fund, among others. The Mayor calls for collaboration with the Council to implement these changes effectively, ensuring that the city continues to thrive and build on its recent successes.