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Newton approves $1.9 million SRF loan offer for East 2nd Street sewer relocation
Newton City Council · March 1, 2026
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Summary
The Newton City Council unanimously accepted a $1.9 million funding offer from North Carolina's State Revolving Loan program for the East 2nd Street sewer relocation project; the package includes $278,440 in principal forgiveness, a 0% interest rate and a 20‑year term.
The Newton City Council voted unanimously Oct. 6 to accept a State Revolving Loan (SRF) funding offer to relocate the East 2nd Street sewer line.
Finance Director Vickie Thomas told the council the SRF package totals $1,900,000, including $278,440 in principal forgiveness, carries a 0% interest…
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