Edward Furman, a partner at Maillie, LLC, presented a summary of the 2018 audit to the Newtown Board of Supervisors at the October 10, 2019, public meeting.
In 2020, Newtown Township faces financial challenges including unfunded state environmental mandates, non-resident Earned Income Tax (EIT) uncertainties (the Township suffered a "tremendous" loss of EIT when Lockheed Martin shut down and the property remains underutilized), real estate transfer tax decline (fewer new houses being built), the need for additional staffing (especially in the Police Department and Public Works), and the need to improve infrastructure (e.g., road repairs).
Find a link to the complete audit here.