Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2025 Annual Budget for the Ironbound Business Improvement District (IBID) Purpose: Introducing the 2025 Annual Budget of the Ironbound Business Improvement District Amount: $1,300,000.00 Budget Period: January 1, 2025 through December 31, 2025 Additional Information: Ordinance 6PSF-b adopted on March 6, 2013, repealed Ordinances 6S&Fn adopted on November 13, 2000, and Ordinance 6S&Fc adopted on May 7, 2003, and created an expanded the Ironbound Business Improvement District and changed regulations for the operation of the Ironbound Business Improvement District.