At-large Council Member Christina Henderson, chair of the Committee on Health, convened the second part of the FY27 budget hearings for the Department of Insurance, Securities, and Banking (DISB) and the Department of Behavioral Health (DBH) on Friday, April 24, 2026, at 9:02 AM in Room 120 of the John A. Wilson Building. The hearing focused on agency testimony and follow-up questions regarding the proposed budgets for fiscal year 2027.
Commissioner Karima Woods presented DISB’s proposed FY27 budget of $35.2 million (a 0.03% decrease from FY26), supported by 157 full-time positions (three more than FY26). Highlights from the discussion include:
Dr. Barbara Bazron, Director of DBH, presented the proposed FY27 gross operating budget of $360.5 million (including $270 million local funds) and a capital budget of $10.8 million for relocating the Comprehensive Psychiatric Emergency Program (CPEP). Key discussion points:
All right, good morning. I'm at large council member Christina Henderson, chair of the committee on health. Today is Friday, April 24th, 2026. The time is 9 02 AM. We are in room uh one twenty of the John A. Wilson building. This hearing is also being broadcast live on the Zoom Internet platform on Cable Channel 13, as well as my YouTube page at CMC Henderson. I'm reconvening this meeting of the Committee on Health for uh part two of our hearings for the FY27 proposed budget for the Department of Insurance Securities and Banking, as well as the Department of Behavioral Health. On Monday, we held a public uh hearing for public witnesses, and today we'll hear from uh Karima Woods, who's the commissioner of Disby, as well as Dr. Barbara Bazeron, who's the director of the Department of Behavioral Health, as well as their teams. Um I will just provide a little context for each of the agencies um and then we'll get into it. The Department of Insurance and Securities and Banking works to protect district consumers from unhair unfair abusive practices while fostering an equitable business environment for regulated entities operating in the district. First, to cultivate a regulatory environment that protects consumers, attracts and retains financial service firms to the district. Um and we'll hear some follow-up questions about some of the things they raised, as well as um the documents that were provided to us on it in terms of the budget. For those who are looking for some of these documents, you can actually visit the Chief Financial Officer's website, CFO.dc.gov, and on the main page, you'll find the documents for the proposed fiscal year 27 budget, not just for these two agencies, but for the entire government. All right. There's some other hearings that are going on, so they'll be around and we'll certainly turn to them when we get there. Um we're going to start with Disby today, and then we'll follow up with uh Department of Behavioral Health. So I'll call up Commissioner Woods as well as any of her folks that she wants to bring with her to the table. Okay, Commissioner, um, I need to swear you in, um, but it's easier to do this if I swear in you or anyone else who might speak today. Um if everyone can raise their right hands who might be joining you in this endeavor. Lovely. Um, do you swear to affirm under penalty of law that you um the testimony you're about to provide to the council of the district of Columbia and this committee is the truth, the whole truth, and nothing but the truth. Great. When are you ready, Commissioner? Good morning, Chairperson Henderson, Committee on Health Members and Staff. I am Karima Woods, Commissioner of the Department of Insurance, Securities, and Banking, also known as Disby. I'm pleased to appear before the committee today to provide testimony on Disby's FY27 budget, which builds upon the successes achieved by the agency in FY25 and FY26 to date. Mayor Bowser recently presented her fiscal year 2027 budget, GROW DC. This budget sets DC up for growth by investing in education, public safety, health, and infrastructure, while making it easier and less expensive to do business in the district. Grow DC builds on the mayor's budget from last year as the district supports the critical needs of our residents amidst a shifting economy across the region and nationwide. This budget also shows the mayor's unwavering commitment to building a safer, stronger, healthier, and more equitable DC. Disby regulates insurance, securities, banking, and other financial services in the District of Columbia. Our mission is threefold to cultivate a regulatory environment that protects consumers and attracts and retains financial services firms to the district, to empower and educate residents on financial matters, and to provide financing to district small businesses. Every day we translate this mission into action, ensuring residents have access to fair, transparent financial services, and strengthening the competitive landscape that makes the district a premier financial hub. The mayor's FY27 budget provides Disby with the necessary resources to fulfill our mission. The proposed FY27 budget for Disby is 35.2 million dollars, a 0.03% decrease from the approved FY26 budget. The proposed budget is funded by 127,000 of local funds and 35.1 million dollars of special purpose revenue O type funds. The FY27 budget supports 157 full-time positions, an increase of three revenue generating positions from our FY26 budget. The FY27 proposed budget reflects a commitment from the mayor to continue Disby's vital regulatory and financial empowerment role, which positively affects the financial well-being of district residents and small business owners. Now I will provide a brief overview of how Disby fulfills its mission with the few recent successes and plans as we move further into the fiscal year and prepare for the next one. During the first six months of the fiscal year, the office provided financial education to more than 800 current borrowers and prospective college students through 20 outreach events. Looking ahead, the office is expanding its regulatory capacity to identify servicing errors and strengthen consumer protections through formal examination authority, ensuring systemic problems are addressed and not just individual cases. Another way that Disby fulfills its mission is by helping homeowners keep their homes and actively look to looking to prevent foreclosures. The foreclosure prevention program has prevented 45 foreclosures. These efforts resulted in preserving more than 27.4 million dollars in property value in the first two quarters of FY26. Through the department's District of Columbia Business Capital Access Program, also known as DC BizCap, Disby continues to provide essential capital to district small business owners and entrepreneurs. More than 80 percent of all businesses funded through BISCAP are minority and or women-owned, and the program also supports certified business enterprises. In FY25 and 26 to date, DC BizCap has provided over 9.4 million dollars in funding to district small businesses through the state small business credit initiatives program. The capital provided through DC BizCap was leveraged to access an additional 10.2 million dollars in private loan funding.