City of Camden Awards $55,000,000 Financial Services Contract to Nj Department of Community Affairs Division of Local Government Services (July 2026)

The City of Camden is entering into a Memorandum of Understanding with the NJ Department of Community Affairs Division of Local Government Services to receive $55 million in Transitional Aid. In return, the city agrees to extensive fiscal, operational, and contracting oversight conditions that will remain in force until at least 2027 or until a successor MOU is adopted.

Scope & details

The full contract record, as filed.

Contract amount

$55,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Until a successor MOU is executed or until Calendar Year 2027 or subsequent year if structural imbalance persists

Renewal date

2027-12-31

Renewal

MOU remains in effect until a successor MOU is executed or until Calendar Year 2027 or a subsequent year if the city continues to experience structural budget imbalance.

Document type

AgendaPacket

Source document

City of Camden AgendaPacket City Council Special Meeting 2026-07-20

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Camden?

Nj Department of Community Affairs Division of Local Government Services was awarded this financial services contract by City of Camden, as recorded on July 20, 2026. The contract value is $55,000,000.

How much is the Nj Department of Community Affairs Division of Local Government Services contract with City of Camden worth?

The Nj Department of Community Affairs Division of Local Government Services contract with City of Camden is valued at $55,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Camden AgendaPacket City Council Special Meeting 2026-07-20 (AgendaPacket), dated July 20, 2026 from City of Camden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nj Department of Community Affairs Division of Local Government Services hold?

Nj Department of Community Affairs Division of Local Government Services may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Nj Department of Community Affairs Division of Local Government Services's profile

What is City of Camden currently buying?

Explore City of Camden's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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