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Newton council authorizes filing to borrow $3.712 million for equipment and infrastructure
Summary
Finance Director Kim Robinson told the City Council the city will seek $3,712,400 in installment financing to cover equipment and infrastructure purchases; council adopted resolutions to file with the North Carolina Local Government Commission and to hold a public hearing April 1, 2025.
The Newton City Council voted unanimously Feb. 4 to authorize the city manager and finance director to apply to the North Carolina Local Government Commission for installment financing to cover $3,712,400 in infrastructure and equipment costs.
Finance Director Kim Robinson outlined the proposed purchases that together total the $3,712,400 estimate: a 2025 Mack dump truck with…
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