This spring, the City of Newton plans to issue General Obligation Corporate Purpose Bonds totaling $6 million to fund  various projects, ongoing initiatives, and equipment and vehicle purchases. Several public hearings on this borrowing are scheduled for this Monday’s 6 p.m. Newton City Council Meeting.

Newton City Administrator Matt Muckler notes this borrowing will not impact the City’s overall fiscal year 2026 property tax levy. It is going to be the same as the current fiscal year, and remain at $17.10 per $1,000 of valuation.

“Luckily, the city staff has been very careful about spending, and it looks like we are going to have a little buffer at the end of this fiscal year to help get through next year,”

Some of the more expensive projects and purchases the General Obligation Corporate Purpose Bonds would pay for include $955,000 in downtown street improvements, a $700,000 Stormwater Project at First Avenue East and East 12th Street, $430,000 to asphalt overlay various streets, and $360,000 for the purchase of an ambulance for the fire department.