The resolution submitted by the Mayor of Washington, DC, outlines the Fiscal Year 2026 Budget and Financial Plan, titled "Grow DC." It emphasizes the city's recent growth and achievements, including a population increase, a balanced budget, and a significant reduction in violent crime. However, the resolution also addresses the challenges posed by recent federal government actions, which have led to job losses and economic uncertainty, projecting a $1 billion revenue reduction over the next four years. The budget aims to counteract these challenges by focusing on economic growth, rightsizing spending, and investing in shared priorities, including public safety, education, and affordable housing.

To facilitate the timely implementation of the budget, the resolution declares an emergency regarding the need to adopt the local portion of the budget for FY 2026. It outlines the legislative process for the Fiscal Year 2026 Local Budget Act of 2025, which must be approved before the start of the fiscal year on October 1, 2025. Due to the congressional review period and the timing of the budget submission, the Mayor has proposed the Fiscal Year 2026 Local Budget Emergency Act of 2025, which allows for immediate effectiveness without congressional review, ensuring that necessary services can continue uninterrupted for residents and businesses in the District.