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Posts published in “Budgets”

Newton for Everyone, hybrid event: Can new development help school budgets in cities like Newton?, May 30

Newton for Everyone will host a hybrid presentation, Can new development help school budgets in cities like Newton?, on May 30, 7PM-8PM. Register separately for either: In-person at Congregation Dorshei Tzedek, in Second Church (60 Highland Street, West Newton)ORVirtually by Zoom. The presentation will focus on: Presenters: Elise Rapoza, MassINC…

School Committee approves NPS FY 2025 budget

The April 4 School Committee meeting contained only two significant agenda items: approval of the Fiscal Year 2025 budget for Newton Public Schools (NPS) and discussion of busing services provided to some Newton private-school students. Superintendent Anna Nolin began the meeting with her regular Superintendent’s update, which included acknowledging feedback…

School Committee and Superintendent continue community engagement with Q&A sessions, meetings

Following the week of February 12, when Superintendent Anna Nolin, School Committee Chair Chris Brezski, and Mayor Ruthanne Fuller conducted a presentation and discussion for Newton’s City Council regarding next steps for the Newton Public Schools (NPS) after agreeing to the recent contract with the Newton Teachers Association (NTA), the…

Committees approve NPS Educational Stabilization Fund and $22M funding

The Finance Committee met on Monday and voted to establish an NPS Educational Stabilization Fund and fund it with $22 million (see NewTV video). Chief Finance Officer Maureen Lemieux presented the item to the Finance Committee and explained that the impetus to create the fund began when the City accumulated a…

McGlothlin: Issue a Pension Obligation Bond to fund schools and other City services

Newton will contribute $43.5 million to its pension plan in fiscal year 2024, $37 million of which (7.4% of budget) to fund our $300 million pension deficit by FY2032. Pension contributions will grow 6.6% per year, far outpacing growth in revenues. Without adjustment, the budget share going to pension contributions…

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