Newtown Legislative Council Reviews Town Investments, Accepts Early Voting Grant

Newtown’s Legislative Council received October investment updates and accepted a $5,000 state grant for early voting costs.
NEWTOWN, CT — The Legislative Council on Nov. 5 reviewed the town’s latest investment reports and approved acceptance of a state grant to offset costs related to early voting for the 2025 election cycle.
Finance Director Glenys Salas presented the October 2025 investment summaries, which showed continued stability across municipal accounts totaling more than $20 million in holdings. The town’s general fund portfolio stood at approximately $15.5 million, with an average yield of about 3.9 percent and an average duration of 3.7 years.
The report from financial advisor Janney Montgomery Scott indicated that Newtown’s investment mix remains heavily weighted toward fixed income assets, with no exposure to equities. The town’s community center account held about $4.2 million, with a similar conservative structure.
Salas noted that maturities scheduled in 2026 are expected to result in “favorable interest outcomes” as older securities roll off into higher-yielding instruments.
The council also accepted a $5,000 early voting implementation grant from the Connecticut Secretary of the State’s Office. The funds will cover costs associated with posters, signage, supplies, and payroll for early voting operations during the 2025 election cycle. Final grant allocations are expected to be higher, based on a state formula tied to the number of votes cast in the 2022 and 2024 elections.
According to the financial impact statement, the grant will have no negative effect on the town’s general fund, with all expenditures covered by the state program.
No major appropriations or transfers were approved at the meeting, which primarily focused on financial updates and compliance documentation required under Section 7-25 of the Town Charter.