Newtown's Money Matters: A Look at the Town's Financial Moves

Newtown's finance board had a busy night. They checked the town's money situation and made some big decisions. The town's savings, called the General Fund balance, grew a bit. It's now about $13. 46 million. That's good news because it means the town has a bit more money set aside for unexpected things. The board also said yes to spending about $23, 250 on investment advisor fees. But don't worry, the town made more money from investments, so this spending won't hurt the town's budget.Healthcare costs are going up, and the town's health fund has been running low. So, the board looked at a plan to fix this. The plan includes changing health insurance costs and finding ways to spend less. It's a big deal because it affects all town employees. The board also talked about insurance rules for contractors. They want to make sure these rules are clear and up-to-date. This is important because it helps protect the town from risks. There were also updates from different committees. One committee is now meeting less often. Another committee reported progress on school repairs and other big projects. No one from the public spoke or made announcements. It was a quiet night, but important things got done.