Yes the City Of Newton Illinois is in Debt $4,747,440.00. These numbers are not
mine but come from the Official City Audit Done by the Kemper CPA Group.
And Yes the City did exceed the statutory debt limit.
The City Of Newton Il. debt is as follows:
Swimming Pool: $1,690,000 Audit Page 21
Sewer Plant $1960,225 Audit Page 22
Under Funded Pensions $1,097,215 Audit Page 25
I did not even count the loan from the electric department for the Five Aprils
Crossing Subdivision.
mine but come from the Official City Audit Done by the Kemper CPA Group.
And Yes the City did exceed the statutory debt limit.
The City Of Newton Il. debt is as follows:
Swimming Pool: $1,690,000 Audit Page 21
Sewer Plant $1960,225 Audit Page 22
Under Funded Pensions $1,097,215 Audit Page 25
I did not even count the loan from the electric department for the Five Aprils
Crossing Subdivision.
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