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Newcastle council approves $1.95 million transfer from wastewater utility to general fund
Summary
The council passed Resolution 08032026-1 to transfer $1,950,000 from the wastewater utility and $171,300 from the water utility to the general fund; the mayor/chair said the resolution provides a paper trail for the state board of accounts.
The Newcastle City Council approved Resolution 08032026-1 to transfer funds from the city utilities to the general fund. The Chair explained the routine transfer will move $1,950,000 from the wastewater utility to the general fund and, for 2026, transfer $171,300 from the water utility as a payment in lieu of taxes. “Basically, this is transferring, $1,950,000, to the general fund from the wastewater utilities,” the Chair said, and noted the resolution provides a paper trail for auditors.
Council members voted by roll call and approved the resolution. The Chair said this transfer is a recurring action handled in past years but that drafting a resolution creates documentation for the State Board of Accounts. No amendments or public comments were made during the council discussion at this meeting.
