Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Extension of Budget Introduction and Adoption
Purpose: Resolution extending the Introduction Date and Adoption Date of the 2025 Municipal Budget
Amount to be Financed: $ N/A
Project Information:
(Description/ Project No./Amount Appropriated/Ordinance No.)
RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK 2025 EXTENDING THE 2025 BUDGET - INTRODUCTION AND ADOPTION DATES
Additional Information:
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WHEREAS, the Local Finance Board has authorized revisions to the statutory budget deadlines as per Local Finance Notice LFN 2024-20 December 18, 2024; and
WHEREAS, these revisions permit municipalities to extend the deadlines for introduction and adoption of the budget; and
WHEREAS, to avail itself of these revised dates, the Municipal Council, must adopt a resolution no later than March 31, 2025.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, HEREBY AVAILS ITSELF OF THE REVISED BUDGET INTRODUCTION AND ADOPTION DATES FOR THE CALENDAR YEAR 2025 BUDGET AS FOLLOWS:
1. Budget Transmission to Municipal Council: Extended From March 31, 2025 to April 30, 2025 (Or the next regularly scheduled meeting of the Municipal Council).
2. Budget Introduction Date: Extended to March 31, 2025 (or the next regularly scheduled meeting of the Municipal Council).
3. Budget Adoption Date: Extended to April 30, 2025 (or the next regularly scheduled meeting of the Municipal Council).
4. The temporary budget appropriations are hereby extended as may be necessary to accommodate this extension of the budget introduction and adoption dates.
5. The Chief Financial Officer is directed to submit a certified copy of this resolution to the Director of the Division of Local Government Services using the Financial ...
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