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Newton to accept $3M state-directed grant for City Lake Dam, reverses prior interfund loan
Newton City Council · March 1, 2026
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Summary
Finance Director Kim Robinson told council that $3 million in state-directed funding for City Lake Dam work makes an August 2023 interfund loan unnecessary; council adopted ordinances to reverse the loan and appropriate the directed grant funding.
The Newton City Council unanimously adopted a budget ordinance amendment to reverse a previously approved interfund loan of $1,185,800 and adopted a separate budget ordinance to accept a $3,000,000 state-directed grant for the City Lake Dam retaining wall and a water-main replacement project.
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