City Of Newton Finance Committee Finance Committee Budget Report
The committee discussed the submission of the fiscal year 2027-2031 Capital Improvement Plan, the supplemental Capital Improvement Plan, and the fiscal year 2027 Municipal/School Operating Budget. The Manager of Financial Services provided an overview of the department's reorganization, including the integration of Purchasing with Financial Services. Key discussion topics included efforts to improve payroll and time tracking through new software, the implementation of a vendor management platform to enhance transparency and compliance, and strategies to improve data analytics for financial expenditures. A straw vote was taken to accept the proposed Financial Services budget, the supplemental Capital Improvement Plan, and the Capital Improvement Plan.