Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2026 Annual Budget of Newark Alliance, Inc. Purpose: Amending the 2026 Annual Budget of Newark Alliance, Inc. Amount: $2,267,850.00 Budget Period: January 1, 2026 through December 31, 2026 Additional Information: Amending the 2026 Annual Budget for Newark Alliance, Inc., District Management Corporation for the Greater Newark Tourism Improvement District, to conform with Ordinance 6PSF-a adopted April 10, 2026 and Ordinance 6PSF-b adopted July 15, 2026. The amendment clarifies payment of the License Fee is to be collected by the Department of Economic and Housing Development and also increases the administrative fee from 1% to 2%.