Mayor Bowser Presents Fiscal Year 2026 Budget Grow DC

Mayor Muriel Bowser introduced the Grow DC Fiscal Year 2026 Budget, targeting economic growth and job creation amidst a projected $1 billion revenue shortfall due to federal job losses. The budget emphasizes attracting businesses and reducing regulatory barriers, while avoiding tax increases to support local services. Bowser highlighted the importance of the plan in maintaining DC's economic vitality, despite recent federal actions that have impacted the local economy. Key allocations include $171 million for enhancements at Capital One Arena and $2. 6 billion directed toward public education and infrastructure improvements.

The budget also proposes reforms to zoning and business regulations aimed at fostering a more business-friendly environment. Additionally, it seeks to bolster the city’s fast-growing sports, entertainment, and tech sectors. The initiative reflects a commitment to ensuring DC remains a competitive and vibrant city for residents and visitors alike. This strategic investment is designed to counteract the anticipated federal job cuts, positioning the city for sustained growth.