#NewtownPA Fire Association 2021 Audited Financial Statements | Newtown News of Interest | Scoop.it

Newtown Township provides substantial financial support to the Association. Newtown Township levies, collects and remits a portion of .875 mills of real estate taxes to the Association. During the year ended December 31, 2021 , Newtown Township remitted real estate taxes of $160,000 to the Association. Because of the significance of the Association's financial relationship with Newtown Township, the Association is considered to be a component unit of Newtown Township for Newtown Township's financial reporting purposes. Other primary sources of revenue and support are donations from the general public and investment income.

 

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