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PR 26-0345

Early Childhood Academy Public Charter School Revenue Bonds Project Approval Resolution of 2025

26th Council Period (2025-2026) Introduced by Phil Mendelson

PR 26-0345: Early Childhood Academy Public Charter School Revenue Bonds Project Approval Resolution of 2025 SummaryThis resolution approves the issuance of up to $35 million in rev

Resolution R26-0254, Effective from Nov 18, 2025 Published in DC Register Vol 72 and Page 013113
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Bill Summary · PR 26-0345

PR 26-0345: Early Childhood Academy Public Charter School Revenue Bonds Project Approval Resolution of 2025

Summary

This resolution approves the issuance of up to $35 million in revenue bonds to finance the construction and equipping of a new public charter school campus for the Early Childhood Academy in the District of Columbia. The new campus will serve students from pre-K through 5th grade.

Key Provisions

  • Authorizes the District of Columbia to issue up to $35 million in revenue bonds to finance the Early Childhood Academy public charter school project.
  • Specifies that the bonds will be payable from and secured by the revenues of the Early Childhood Academy, not the general tax revenues of the District.
  • Requires the District to enter into a financing agreement with the Early Childhood Academy to provide for the issuance, sale, and delivery of the revenue bonds.
  • Mandates that the new campus facility must be completed and ready for occupancy by the start of the 2027-2028 school year.
  • Directs the Mayor to take all necessary steps to facilitate the bond issuance and construction project.

Impact

  • Provides funding to expand early childhood and elementary education options for families in the District of Columbia through the construction of a new public charter school campus.
  • Allows the Early Childhood Academy to grow its student enrollment and serve more students in the community.
  • Creates construction jobs and economic activity related to the school building project.
  • Does not rely on or impact the District's general tax revenues, as the bonds will be repaid solely from the school's revenues.

Timeline

  • The resolution was introduced on October 10, 2025 and approved on October 25, 2025 with Resolution Number R26-0254.
  • The revenue bonds are expected to be issued by the end of 2025, with construction beginning in early 2026.
  • The new Early Childhood Academy campus must be completed and ready for the 2027-2028 school year under the terms of the resolution.

Compiled from official sources — confirm details with the bill’s official record.

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