2017-2018 City of Newton Budget

NEWTON, NC (May 3, 2017)— The Newton City Council received a proposed budget from City Manager Todd Clark at the regular City Council meeting on Tuesday, May 2. 

In his budget presentation, Clark recommended a balanced budget of $44,206,200 without property tax increases by appropriating $298,400 from the city’s rainy day fund, otherwise referred to as retained earnings. The budget, if approved by City Council, will maintain the current property tax rate of $0.54 per $100 of assessed property value.

The proposed budget includes a 3 percent rate increase for both water and wastewater customers to meet operational requirements and capital needs. The bill for an average customer who uses 3,665 gallons of water per month will increase from $26.92 to $27.73 per month. The bill for an average customer who produces 3,665 gallons of wastewater per month will increase from $33.68 to $34.69 per month.

No increase in electric rates is proposed.

The proposed budget continues to move the city forward in accordance with the 2015 City of Newton Strategic Growth Plan. The proposed budget calls for replacing aging infrastructure and equipment, initiating the Downtown Newton Streetscape Project, completing a wayfinding project, initiating a branding initiative, generating private sector interest in Newton’s core business district, and supporting various organizations and events that generate further interest in Newton.

City Council began deliberation of the proposed budget on May 4 at a budget workshop held in the Council Chamber at City Hall beginning at 5:15 p.m. Additional workshops were held May 9, 16, and 17 in the Council Chamber at 5:15 p.m. The final budget is not expected to be adopted until after a scheduled public hearing at the June 6 City Council meeting, which will begin in the Council Chamber at 7 p.m.

To view the complete 2017-2018 City of Newton Budget, click here.