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Newton Council awards $3.46 million in financing to Truist Bank for equipment and vehicles
Newton City Council · March 1, 2026
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Summary
Council unanimously awarded two financings to Truist Bank — a 7-year equipment loan of up to $787,350 at 4.85% and a 15-year vehicles loan of up to $2,675,050 at 4.90% — and adopted resolutions approving the financing terms.
Newton City Council voted unanimously on May 6 to accept the lowest proposals for two financing packages and adopted resolutions approving the terms.
Finance Director Kim Robinson told council that the city solicited bids to finance vehicles, equipment and infrastructure improvements…
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