Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2026 Annual Budget for Bloomfield Avenue - Lower Broadway Business Improvement District (BALB)
Purpose: Reading and Adopting the 2026 Annual Budget for Bloomfield Avenue - Lower Broadway Business Improvement District
Amount: $448,000.00
Budget Period: January 1, 2026 through December 31, 2026
Additional Information:
Budget Introduction authorized by Resolution 7R2-h adopted on February 18, 2026.
Public Hearing to be Held on Tuesday, April 28, 2026 at 10:00 A.M.
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WHEREAS, on February 18, 2026, the Newark Municipal Council adopted Resolution 7R2-h, which introduced and approved the proposed budget of the Bloomfield Avenue - Lower Broadway Business Improvement District ("BALB") for the Fiscal Year 2026, January 1, 2026 through December 31, 2026 ("FY 2026"), in the amount of Four Hundred Forty-Eight Thousand Dollars and Zero Cents ($448,000.00); and
WHEREAS, the Department of Economic and Housing Development scheduled a public hearing upon said budget for April 28, 2026, as required under N.J.S.A. 40:56-84 et seq.; and
WHEREAS, the Department of Economic and Housing Development publicly advertised the proposed BALB budget for FY 2026 and the time and place for the April 28, 2026, hearing in the April 14, 2026 Star Ledger, which advertisement is at least ten (10) days prior to the hearing date of April 28, 2026, as required by N.J.S.A. 40:56-84 (d); and
WHEREAS, the Tuesday, April 28, 2026, hearing date, represents no less than twenty-eight (28) days from February 18, 2026, the date of the approved budget, as required by N.J.S.A. 40:56-84 (e); and
WHEREAS, the Department of Economic and Housing Development posted the BALB budget for FY 2026 in a public place where public notices are customarily posted, within the basement area of Newark City Hall, and a copy of said budget will be made avai...
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