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Newton Commission accepts 2024 year-end financial report showing $55.8 million in revenues
Summary
The Newton City Commission on Feb. 5 accepted the city’s 2024 year-end financial report, which showed $55.8 million in total revenues and an expenses-to-revenues gap that left the city above its reserve target; no changes to the mill levy were made at the meeting.
The Newton City Commission voted to accept the city’s 2024 year-end financial report, which showed $55.8 million in total revenue and roughly $52.2 million in total expenditures.
City staff presented the figures during the regular meeting. Rebecca, who led the review in Finance Director Donna Peckman’s absence, told commissioners the city’s total revenues for 2024 were $55,800,000 and total expenses were “a little less,” at about $52,200,000. She said general fund revenues came in nearly 10%…
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