Newton's pension bond waits on the market and the State House. Mayor Marc Laredo and Chief Financial Officer Maureen Lemieux told the City Council on Oct. 5 that Newton is still preparing for a possible pension obligation bond but cannot issue one now.
Newton is still preparing for a pension obligation bond, but its finance team told the City Council on Monday, October 5, that the bond is not viable in today's market.
A Community Preservation Act (CPA) transfer for the 1314 Washington Street housing project cleared a Newton committee. Full City Council approval is still required.
Newton has four vacant crossing-guard posts this fall after two guards resigned in August and the Police Department could not fill the openings before school started, according to Fig City News.