The D.C. Council on Monday slashed, froze and shifted nearly $180 million its current budget, closing a projected $131 million shortfall while setting aside millions more in the likely case that the economic situation worsens.

The emergency budget resolution, said Council Chairman Vincent Gray, will “address the reality of declining economic conditions that are all too apparent.” Tough choices abound, he said, but each will “prepare us for potentially worse news in the coming months.” The measure was approved unanimously.