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File #: 26-0166    Version: 1 Name: 2026 PFRS & PERS (PENSION)
Type: Resolution Status: Adopted
File created: 2/4/2026 In control: Administration
On agenda: 2/18/2026 Final action: 2/18/2026
Title: Dept/ Agency: Administration/Office of Management and Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Temporary Emergency Appropriation Purpose: To provide funds for pensions until the adoption of the 2026 Operating Budget for the City of Newark. Funding Source: 2026 Budget Appropriation Amount: $83,943,633.00 Budget Year: 2026 Contract Period: January 1, 2026 through December 31, 2026 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Additional Information: Operating Agency: All Departments Two-Thirds vote of full membership required.
Sponsors: Council of the Whole
Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: To provide funds for pensions until the adoption of the 2026 Operating Budget for the City of Newark.
Funding Source: 2026 Budget
Appropriation Amount: $83,943,633.00
Budget Year: 2026
Contract Period: January 1, 2026 through December 31, 2026
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Additional Information:
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body

TE#15

WHEREAS, pursuant to N.J.S.A. 40A:4-19, the Municipal Council of the City of Newark adopted resolution 7R1-a dated December 17, 2025 to provide funds for the period January 1, 2026 to March 31, 2026, until the adoption of the Operating Budget of the City of Newark, New Jersey; and

WHEREAS, additional appropriations will be required from January 1, 2026 to December 31, 2026, until the adoption of the budget; and

WHEREAS, N.J.S.A. 40A:4-20 provides that the Governing Body, by a two-thirds vote, may make temporary emergency appropriations for any purpose for which appropriations may lawfully be made for the period between the beginning of the current fiscal year and the date of the adoption of the budget for said year; and

WHEREAS, the emergency appropriations adopted in 2026 pursuant to N.J.S.A. 40A:4-20 including this Resolution total................................................$106,780,701.59

NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:

1. The Governing Body by a two-thirds vote of its full membership hereby amends its temporary budget by making the following emergency temporary appropri...

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