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Newton awards $1.94 million financing to Truist for capital infrastructure
Newton City Council · March 1, 2026
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Summary
The council voted to award up to $1,940,300 in installment financing to Truist Bank at a stated rate of 4.02% over seven years, and adopted a resolution approving financing terms; the action followed a re‑bid after earlier solicitations produced limited responses.
The Newton City Council voted March 14 to award installment financing for equipment and infrastructure to Truist Bank and to adopt financing terms based on a seven‑year amortization at a stated interest rate of 4.02.
Finance Director Kim Robinson told council…
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