Fisher and Mack for Newtown Supervisor
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Fisher & Mack In Favor Of Developing Newtown’s First-Ever 5-Year Financial Plan!

On August 14, 2019, the Newtown Township Board of Supervisors voted unanimously in favor of approving and advertising a Request for Proposal (RFP) for developing a 5-year financial plan. Voting in favor were Supervisors Phil Calabro, Linda Bobrin, John Mack, Dennis Fisher, and Kyle Davis.

The goal is to develop a multi-year trend analysis of historic financial data and to perform an assessment of current budget performance. A secondary, but an extremely important objective, is to identify additional sources of revenue for the township.

Matching Grant Money Available

The Township was recently awarded a matching grant for this work through the Pennsylvania Department of Community and Economic Development's (DCED's) Strategic Management Planning Program (STMP) – previously known as "Early Intervention Program" (EIP).

The Township has received a proposal from a qualified third party consultant to develop a plan in a timely manner to avoid an adverse impact on the health, safety and welfare of its residents. The Newtown Finance Committee will review the proposal and make a recommendation to the Board of Supervisors.

Financial Challenges Ahead

The RFP, which was developed by the Newtown Finance Committee and reviewed by the Township Solicitor and Manager, stated that "Newtown Township's finances are facing difficulties and will need to address fire protection, emergency response, policing, as well as routine operational needs. Currently, the Township relies entirely on earned income tax, real estate transfer tax, and a local services tax to fund the general operations of the Township."

Supervisor Dennis Fisher, who is the Liaison to the Finance Committee, said "if we wish to maintain and improve our excellent recreational activities, public works, and emergency services we will need to address the financial challenges ahead."

The Newtown Finance Committee. Around the table beginning on the left, members include: David Oxley, Richard Weaver, Jack Brod, George Skladany, Stuart Caplan, Dennis Fisher (Township Supervisors Liaison), Peg Dissinger, and Mark Boada.

"This is a key milestone in Newtown's responsible pursuit to ensure the financial sustainability of the township's public services," said Jack Brod, Chair of the Finance Committee.

The RFP calls for the following reports to be completed:

  • Financial Condition Assessment
  • Financial Trend Analysis
  • Management Audit
  • Multi-Year Plan Adoption (five years duration)
  • Multi-Year Plan Implementation (five years duration)

The selected vendor will be expected to work with a consortium of individuals representing Newtown Township's management, elected officials, and community members appointed by the Supervisors.

"The most important work is ahead of us," said Brod.

Related Stories

Video: "Newtown Township Finance Committee Report"

Patch Article: "Newtown Township Seeks Grant to Assess Finances"

Podcast: "Andrew Sheaf Talks About DCED's Early Intervention Program"

Video: "Former Newtown Township ManagerTalks About Newtown's Volatile Taxes"