Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2025 Annual Budget for the Newark Downtown District Management Corporation (NDD) Purpose: Reading and Adopting the 2025 Annual Budget of Newark Downtown District. Amount: $8,335,000.00 Budget Period: January 1, 2025 through December 31, 2025 Additional Information: Budget Introduction authorized by Resolution 7R2-p adopted on August 6, 2025. Public Hearing will be held during the Municipal Council Meeting on Thursday, September 4, 2025, at 12:30 P.M. in the Council Chamber.