Financial Section The Financial Section of the budget is designed to provide the reader a comprehensive understanding of Newton Public Schools’ (NPS) finances. This section will summarize revenues and expenses for all sources of funding coming to the Newton Public School District; provide a history of NPS’s finances; and discuss spending and revenue trends, events, and initiatives. This section also explores a projection of the future of NPS’s spending and future financial health.
Three-year revenue and expenditure forecasts are omitted from the Financial Section this year, as ongoing collective bargaining negotiations make projecting salary and benefit costs (which make up approximately 87% of the NPS budget) unreliable at this time.
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