Newtown Twp. Hires Financial Consultant

File Photo

The Newtown Township Board of Supervisors voted earlier this month to hire a financial consultant. 

The Supervisors voted to hire Econsult Solutions Inc. for just under $70,000 to put together a report with recommendations on the township’s spending objectives and goals. The report is expected to come as the township seeks to sure-up its financial future. 

Supervisor Chairman Phil Calabro said the township is becoming more built up and opportunities for new development and revenues are becoming slimmer. 

The Supervisors have talked for months about hiring a firm to work on a report on its finances. 

Earlier this year, Supervisors mentioned that the township’s earned income tax (EIT) revenue has been dropping as more towns implement them and siphoned funds away from Newtown Township. The township relies on earned income tax over property taxes to fund its annual budget. 

Calabro joined fellow supervisors Dennis Fisher, John Mack, and David Oxley, who was recently appointed, in voting to hire Econsult Solutions. Supervisors Kyle Davis did not vote to hire the firm. 

About the author

Tom Sofield

Tom Sofield

Tom Sofield has covered news in Bucks County for five years for both newspaper and online publications. In 2012, Tom was honored at the Pennsylvania Newspaper Association Foundation's Keystone Press Awards for his coverage of President Obama's visit to Falls Township in 2011. When he's not covering news in the area, Tom enjoys checking out the newest restaurants and bars, exploring forgotten places of industry in the area, going to local parks and spending time with his friends and family. If there's one thing you should know about Tom, he is a local news junkie through and through. Email: Phone: 215-431-1001