CITY OF NEWTON SOURCES OF FUNDING FOR NPS (FY26 PROJECTED)
Fund Balance to Support Budget, $79.9K , 0%
Property Taxes, $454.4M , 83%
Fines & Forfeitures, $1.1M , 0%
Charges for Service, $3.4M , 1%
Miscellaneous Revenue, $6.6M , 1%
Transfers from Other Funds, $10.0M , 2%
Licenses & Permits, $11.1M , 2%
Other Taxes, $22.7M , 4%
State & Federal Aid, $38.3M , 7%
* This chart assumes the school budget is financed in the same form as the total revenues of the City. The source of the data is as follows: City of Newton,-FY26 Budget: Sources & Uses Exhibit now combines State & Federal funding combines as reported in the above mentioned Financial Report
FY22
FY23
FY24
FY25
FY26P
Property Taxes (Net of Provision for Abatements)
$400,635,026 $406,705,369 $424,258,170 $435,271,265 $454,410,542 $13,664,236 $13,818,473 $15,447,887 $13,750,000 $15,900,000 $6,475,203 $1,383,623 $1,684,131 $889,934 $1,189,934 $2,333,423 $242,126 $122,000 $200,000 $122,000 $1,982,019 $2,387,099 $2,635,047 $2,500,000 $2,600,000 $1,164,749 $1,979,180 $2,269,405 $2,200,000 $2,250,000 $524,737 $648,681 $654,779 $600,000 $610,000 $426,779,393 $427,164,551 $447,071,419 $455,411,199 $477,082,476 $3,810,114 $4,470,229 $4,337,048 $3,330,296 $3,379,746 $704,970 $1,193,338 $1,213,236 $1,042,000 $1,142,000 $12,973,622 $13,410,380 $13,436,436 $10,380,925 $11,101,925 $949,902 $10,102,329 $14,594,963 $6,721,341 $6,560,342 $36,211,914 $35,669,832 $36,157,696 $37,115,612 $38,266,434 $54,650,522 $64,846,108 $69,739,379 $58,590,174 $60,450,447
Motor Vehicle Excise Taxes Interest & Penalties on Taxes
In Lieu of Tax Payments
Meals Tax
Hotel/Motel Taxes Cannabis State Tax
Total Taxes
Other Sources Charges for Service Fines & Forfeitures Licenses & Permits
Miscellaneous Revenue
State & Federal Aid
Total Revenue from Other Sources
Total Revenue
$481,429,915 $492,010,659 $516,810,798 $514,001,373 $537,532,923
Transfers from Other Funds Fund Balance to Support Budget
$12,036,967 $8,755,705 $9,508,765 $10,608,903 $10,016,295
$13,020,431 $23,576,522 $48,523,633 $12,303,706
$79,888
Total General Fund Revenues, Transfers, And Other Financing Sources:
$506,487,313 $524,342,886 $574,843,196 $536,913,982 $547,629,106
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