Newark Department of Finance - Newark, NJ

Newark Department of Finance

The Newark Department of Finance, housed within the municipal complex on Broad Street, is the central agency responsible for the city's fiscal management and revenue collection. This department ensures the financial stability of Newark by overseeing the collection of taxes, management of city debt, and administration of the payroll and pension systems. The Director's Office provides strategic financial planning and policy recommendations to the Mayor and City Council, ensuring transparency and accountability in the use of public funds.

Revenue and Tax Collection

• Tax Collector: Processing of property tax payments, including quarterly installments and enforcement of tax liens on delinquent properties.
• Water and Sewer Billing: Management of municipal utility accounts, billing inquiries, and payment processing for water and sewer services.
• Special Taxes: Collection of hotel occupancy taxes, parking taxes, and payroll taxes from businesses operating within the city limits.

Financial Administration

• Accounts and Control: Maintenance of the city's general ledger, processing of vendor payments, and preparation of the Annual Comprehensive Financial Report.
• Treasury: Management of the city's cash flow, investment of idle funds, and banking relationships to maximize returns on public assets.
• Tax Abatement: Administration of long-term tax exemption programs (PILOTs) and monitoring of compliance for properties receiving financial incentives.

Residents and business owners visit this department primarily to pay bills, resolve billing disputes, or inquire about property tax assessments. The office offers various payment methods, including online portals and in-person cashier services.