08/18/2026
Newark residents could be facing higher property taxes as the city works to close a projected $2.3 million budget gap for FY 2027.
City officials say closing the entire gap through property taxes alone would require a double-digit percentage increase. The city has already reduced the projected shortfall from about $6 million, but additional spending cuts or new revenue will be needed to balance the budget according to the city.
The question for Newark taxpayers: Before raising taxes, should the city look for deeper cuts, eliminate unnecessary expenses and forgo salary increases until city government can operate leaner and within its available revenue?
The cities annual budget over the last 10 years:
2016 — $49,366,736
2017 — $49,894,843
2018 — $87,404,822
2019 — $94,545,901
2020 — $96,739,815
2021 — $94,633,216
2022 — $99,112,761
2023 — $111,505,874
2024 — $114,863,828
2025 — $123,544,239
2026 — $127,698,635
*Beginning in 2016, Newark changed how it reported its budget by listing electricity, water and sewer-treatment purchases separately instead of netting those costs against utility sales revenue.