The Newtown Legislative Council has gotten an update on the town's fiscal situation.   First Selectman Dan Rosenthal says Newtown has a $ 1.4 million fund balance, plus a surplus, which he says puts the town in a good position.  The town's Finance Director did note that most of the surpluses are due to vacant positions. The police is quite large due to retirees. Newtown reduced the Building Department by one position but left the money open if they needed to hire a part timer. The same with the Town Clerk's office and Highway.