The resolution, titled the Fiscal Year 2026 Income Tax Secured Revenue Bond, General Obligation Bond, and General Obligation and Income Tax Secured Bond Anticipation Note Issuance Authorization Emergency Declaration Resolution of 2025, declares an emergency to facilitate the District of Columbia's ability to borrow funds. It authorizes the issuance and sale of income tax secured bonds and notes, as well as general obligation bonds and notes, with a total principal amount not exceeding $1,809,820,675. This action is deemed necessary to ensure timely access to funding, allowing the District to capitalize on favorable market conditions.

The resolution emphasizes the urgency of the situation, as it aims to provide funding for capital projects approved in the District's Fiscal Year 2026 Budget and Financial Plan, as well as to reimburse previously expended funds. The Council of the District of Columbia recognizes the circumstances as an emergency, necessitating immediate adoption of the resolution to ensure the financial stability and operational needs of the District are met without delay. The resolution takes effect immediately upon adoption.