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Council agrees to use ARP standard allowance for revenue replacement
Newton City Council · March 1, 2026
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Summary
Council gave staff general consensus to apply the U.S. Treasury’s ARP 'standard allowance' for revenue replacement, authorizing Finance Director to maintain required accounting records for use of $3.8 million in remaining funds.
At the April 19 meeting, Finance Director Vickie Thomas recommended that Newton elect the U.S. Treasury's "standard allowance" under 31 CFR Part 35.6(d)(1) to use Coronavirus State and Local Fiscal Recovery Funds for revenue replacement. Council signaled general consensus to adopt that…
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