Newtown Township Will Develop a 5-Year Financial Plan | Newtown News of Interest |

At the August 14, 20169 the Newtown Board of Supervisors voted unanimously in favor of approving and advertising a Request for Proposal (RFP) for developing a 5-year financial plan. Voting in favor were Supervisors Phil Calabro, Linda Bobrin, John Mack, Dennis Fisher, and Kyle Davis.


The goal is 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.


According to the RFP, which was developed by the Newtown Finance Committee and reviewed by the Township Solicitor and Manager, “Newtown Township’s finances are facing difficulties and will need to address fire protection, emergency response, policing, as well as routine operational needs. Currently, the Township relies entirely on earned income tax, real estate transfer tax, and a local services tax to fund the general operations of the Township.”