COVID-19 Financial Impact Report
Video recorded on Wednesday, June 10, 2020
At the June 10, 2020, Newtown Board of Supervisors (BOS) Zoom meeting, Dan Connelly of ESI Solutions, Inc. presented an "interim report" regarding the financial impact of COVID-19 on the 2020 budget and beyond. ESI was hired to develop a 5-year budget plan, but in the wake of COVID-19, that seemed less urgent than accessing the Township's financial health and projecting the budget balance by the end of the year assuming shortfalls in tax and other revenue.
Guess what cutbacks are included in the possible $760,000 "Corrective Actions?" The following is a possible list of cutbacks that may be made: