Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2023 Annual Budget for Newark Downtown District Management Corporation (NDD) Purpose: Introducing the 2023 Annual Budget for the Newark Downtown District Management Corporation. Amount: $8,335,000.00 Budget Period: January 1, 2023 through December 31, 2023 Additional Information: Ordinance 6S&F-e adopted on September 2, 1998 created an expanded Downtown SID and changed regulations for the operations of the Downtown SID. Ordinance 6PSF-c adopted on February 20, 2013 repealed. Ordinance 6PSF-b(S) adopted on November 22, 2022 expanded Downtown SID and clarified the responsibilities and powers of the Newark Downtown District Management Corporation.