Newtown News of Interest
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A Scary Preliminary 2019 Budget, But at Least It Calls for More Roads to be Repaved

A Scary Preliminary 2019 Budget, But at Least It Calls for More Roads to be Repaved | Newtown News of Interest | Scoop.it

The ghouls, goblins and skeletons were all there last night at the 2019 Budget Presentation. These guys greeted me at the door!

 

Interim Township Manager Micah Lewis and former Manager, Kurt Ferguson - now a consultant working for Newtown - presented some pretty scary numbers to the Board of Supervisors (BOS) throughout the night. Those numbers have to do with:

 

  • unpredictable Earned Income Tax (EIT Definition)
  • decreasing Real Estate Transfer Tax Definition
  • alarmingly low predicted year-end General Fund Definition balance
  • the looming shortfall in the debt service fund

 

I will post more information about these scary items in the next couple of weeks leading up to Halloween. The budget itself should become available for public access soon after it is approved for advertising, which I expect will happen at the next BOS meeting on October 24, 2018.

 

For now, I will focus on some good news: the budget includes a road paving program.More about that here.

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Newtown News of Interest
These Scoops are excerpts from articles published in local newspapers and other sources that may be of interest to Newtown area residents. Please click on the "From" link to access the full original article. Any opinions and "insights" appended to these article summaries are solely those of John Mack and do not represent the opinions of any other person or entity.
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