Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2025 Annual Budget for the Ironbound Business Improvement District Management Corporation (IBID) Purpose: Reading and Adopting the 2025 Ironbound Business Improvement District Budget. Amount: $1,300,000.00 Budget Period: January 1, 2025 through December 31, 2025 Additional Information: Budget Introduction authorized by Resolution 7R2-b adopted on March 19, 2025. Public Hearing to be held on Wednesday, April 16, 2025 at 6:30 P.M.