If it only means that other politically connected groups that are territorial about funding get it instead of police departments, then...good? I mean, part of the accountability problem with law enforcement is the institutional power that comes from the amount that is centralized in the monolithic local law enforcement agencies.
(And “hundreds of millions” is probably right or in some cases low for a single large local department; e.g., LA's mayor who opposes the “defund” movement has backed a $150 million shift along the same lines for the LAPD, a large number of NY City Council members and candidates are calling for $1 billion to be redistributed from NYPDs annual budget.)
> The Democratic Party sponsored and suggested legislation throws even more money to police forces
If the defund (and even more clearly the dismantle/abolish) movement is successful, the local agencies with law enforcement functions applying for and receiving that federal funding may not (in the latter case will not) be the centralized paramilitary police forces that are targeted by defund/dismantle/abolish.
None of these movements are opposed to law enforcement functions, or to funding them.