The City Council works with the Finance Department to responsibly manage public funds, plan for future needs, and ensure the community gets the services and facilities it wants and needs. Smart financial practices help fund improvements, projects, and amenities that both maintain Newcastle's character and make living here even better.

To guide the city's financial decisions, Newcastle follows a set of Comprehensive Financial Management Policies. These policies cover everything from budgeting to accounting, and they help ensure the city operates responsibly, keeps its assets safe, and delivers the services people rely on.

The City Council approves an annual budget, which plays a key role in managing the city's finances. You can view the current city budget here, and past budgets are available here.

The Finance Committee of the City Council advises on financial and investment policies, long-term planning, and budgeting. They also review contracts, approve payments, attend state auditor interviews, and handle other tasks related to financial management as needed.