In the wake of the Operational Override failure on March 14th and after nearly two months of negotiations between the Newton City Council and the Newton Retirement Board, the City Council voted 23-0* to accept the Retirement Board’s proposal to increase funding for the Pension Trust at the rate of…
Posts published in “Budgets”
The City Council Committees have completed their review of departmental budgets for Mayor Fuller’s Proposed FY2024 Budget and the School Committee Approved Budget for FY2024 as well as the FY2024-2028 Capital Improvement Plan and the FY2024 Supplemental Capital Improvement Plan. The table below shows links to the each of the…
After several weeks of reviewing municipal and school department budgets, the City Council has submitted six budget resolutions — one to the School Department and five to the Mayor — for consideration.
The Finance Committee voted to approve the following (see Report and watch video on NewTV): The Finance Committee’s vote not to approve the following item:
On its May 15th agenda, the City Council discussed a requesti by Mayor Fuller to appropriate $10 million from Free Cash to pay down that amount of the $50 million bonds for construction of the new Lincoln-Eliot school. The Mayor indicated that the annual debt service saved from this allocation…
Mayor Fuller has put together a summary of a financial program to help fill some of the Newton Public Schools (NPS) budget gaps and the Horace Mann project after the failure of the general override. The plan includes the following: Increase pensions via COLA: The plan, which the Retirement Board…
City Council President Susan Albright sent this request to the Retirement Board to discuss the possibility of offering additional COLA payments balanced against a slightly slower rate of growth. The current rate of growth is 9.6%, and the Retirement Board is currently requesting a reduction to 6.6% with an increase…
The Programs & Services Committee convened last Wednesday night in a discussion of four departmental budgets: City Clerk, Newton History Museum, Newton Free Library, and the Parks, Recreation and Culture Department. With respect to the City Clerk’s budget, the committee learned there was a fifty percent decrease in staff at…
In a speech to Newton residents and the City Council on Monday evening (text, NewTV’s video), Mayor Ruthanne Fuller presented a proposed FY2024 budget of just over half-billion dollars, an increase of $19.7 million (+3.94%) over last year, aiming to balance the City budget in the face of the failure…
To begin the April 27 School Committee meeting, two Bigelow Middle School educators were among the public comment speakers to advocate for staff restoration to address the middle school team sizes. Superintendent Kathy Smith followed the public comment period by giving her scheduled update, during which she congratulated the central…