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Newton seeks quotes to finance $4.25 million in infrastructure and equipment; public hearing set Feb. 7
Summary
Finance Director Kimberley Robinson told the council the city will solicit quotes to borrow approximately $4,252,070 for equipment and infrastructure across multiple funds and will hold a public hearing on Feb. 7, 2023.
Newton city staff told the City Council on Jan. 10 that the city intends to solicit financing quotes and seek permission to borrow an estimated $4,252,070 to fund a set of infrastructure and equipment needs across General, Water & Wastewater, and Electric funds.
Finance Director Kimberley Robinson presented the item and listed General Fund needs including a 2023…
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