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Newton treasurer reports $347,000 unassigned in capital projects fund; council eye park expenditures
Summary
Treasurer Kathryn Rigby reviewed the town's July–December 2025 finances, reporting $347,000 in unassigned capital-project funds and noting that money is available to purchase park sound-barrier mats pending council direction.
Treasurer Kathryn Rigby presented the town's second-quarter financial review for July–December 2025 at the March 5 meeting, outlining expenses, grant and donation income, and capital outlays.
Rigby said the town has $347,000 in the capital projects fund that is currently unassigned and available for capital needs. She reviewed RAPZ funding and explained that donations and grants had covered recent playground equipment purchases. Rigby told council members that funding is available to purchase sound-barrier mats for Clarke Park should the council choose to proceed; she asked members to email her any follow-up questions about the financial statements.
No formal budget amendments were proposed at the meeting; council members asked questions and requested updates as park bids, grant outcomes and contractor invoices are finalized.
