Finance committee approves multiple appropriations totaling over $4M for city projects

The Newark City Council Finance Committee convened on June 2, 2025, to discuss several key financial appropriations and budget updates. Present at the meeting were council members Parker, Cost, Hauser, and Marmee.

The meeting began with a review of the current financial status, noting a balance of $270,841 and a budget stabilization fund totaling $489,968. The committee then moved on to the first item on the agenda, which was a request for a perch rate channel amounting to $2,134,302.10. This request was approved unanimously with a motion by Barker and a second by Cost.

Next, the committee addressed a request for an appropriation of $1,000,675, which was successfully closed last week at a 6.6 percent interest rate for 30 years. This motion also passed with no opposition.

The third item discussed was another appropriation request for $64,000, which was related to departmental expenses. This request was similarly approved without any questions or comments from the members.

Lastly, the committee reviewed a request for $6,674 for appropriated funds from a grant received for energy-efficient hand dryers for the water department. This item was also passed unanimously.

All motions during the meeting received a 5-0 vote in favor, indicating strong support for the financial decisions made. The meeting concluded with the committee's adjournment, marking a productive session focused on advancing Newark's financial initiatives.