Newtown Township Finance Committee Report
At September 26, 2018, Newtown Board of Supervisors meeting
Jack Brod, Chair of the Newtown Township Finance Committee (NTFC), presented the Committee's first-ever report to the Newtown Board of Supervisors. The major point made by the NTFC is that the Township is "rapidly approaching [a] fiscal precipice." Some recommendations made by the Committee include the need for benchmarking, implementation of a multi-year planning and budgeting cycle, and increased public education and awareness of the Township's financial issues.
The September 20, 2018, report is based on a preliminary and limited analysis of Township budgets and financial documents by committee members. It represents the Committee's first attempt to identify:
- potential fiscal issues and concerns;
- needed benchmarking of township services, staffing, income and expenditures against other municipal governments and accepted standards; (3) possible implications of the fiscal issues we have estimated; and
- initial recommendations for future consideration and actions.
Please find the complete report here.