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Newtown Township Seeks Grant to Assess Finances

Newtown Township Seeks Grant to Assess Finances | Newtown News of Interest | Scoop.it

[The following is an excerpt from an article published in the Newtown Patch. Read the full article here.]

 

Claiming "stresses" on finances, Newtown Township has applied for a matching $40,000 PA Department of Community and Economic Development (DCED) grant to implement an Early Intervention Program (EIP) that will assess the township's financial condition and identify additional sources of income.

[Listen to this podcast: "About DCED's Early Intervention Program"]

If the township is awarded the grant, it would have to match it by providing up to $40,000. The grant would be used to hire a consultant to develop a "multi-year trend analysis of historic financial data" and to perform an "assessment of current budget performance." A secondary, but an "extremely important objective," is to identify additional sources of revenue for the township.

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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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