The Fiscal Year 2026 Revised Local Budget Adjustment Temporary Act of 2026 proposes a reduction of $101,257,922 to the overall budget, with specific allocations and rescissions across various governmental departments. Key increases include $18,863,427 for Governmental Direction and Support, $9,624,480 for Economic Development and Regulation, and $64,456,320 for the Public Education System. Significant rescissions are made in Human Support Services, totaling $48,210,046, and in Financing and Other, amounting to $173,406,426. The bill also allows for grants to Children's National Hospital for site assessments for a new campus, overriding certain provisions of the Grant Administration Act of 2013, and mandates the transfer of funds to the General Fund to align with the approved Fiscal Year 2026 Budget and Financial Plan.

Additionally, the bill proposes a transfer of $150 million from the Fiscal Stabilization Reserve Account to the unassigned fund balance of the General Fund for Fiscal Year 2026, overriding existing laws regarding the use of these funds. It details various adjustments to capital project funding, including a $40 million reduction for the Single Shelter Replacement project and a $6.9 million increase for HVAC replacement in DC Public Schools. The bill allocates funds for infrastructure projects, such as $27,558,825 for Benning Road bridges and transportation improvements, and $40,000,000 for Capital One. The act will take effect upon approval by the Mayor, followed by a 30-day Congressional review period, and will expire 225 days after enactment.