The tension that’s been building between the Riverhead school district and Riverhead Industrial Development Agency over property tax exemptions was on full display at Monday’s RIDA meeting, where one RIDA board member lashed out at the school district, accusing it of hating subsidized housing and failing to control its own budget.
Riverhead IDA watchdog and former board member Larry Simms discusses the agency's decision-making processes, which he argues lead to many bad decisions.
After months of protests and a night of drama, residents express relief and joy at Riverhead IDA’s decision to deny EPCAL...
They had come bearing paper signs to convey their message the IDA board, not knowing what the outcome would be. By the time the IDA meeting was over Monday night, jubilant residents celebrated what many saw as a hard-fought victory.
The Riverhead IDA is scheduled to take up a resolution Monday evening deciding Calverton Aviation & Technology's financial capability to develop the Calverton Enterprise Park— a decision crucial to how Riverhead's $40 million land deal proceeds — or whether it proceeds at all.
A growing local faction is demanding that the Riverhead Industrial Development Agency be dissolved.
IDA action on Triple Five request for tax breaks without firm development plan is ‘improper,’ ‘inappropriate’ & ‘irresponsible,’ senators say
CAT has backed away from its air cargo proposal for EPCAL and now says its development plan is in flux. The IDA's review of CAT's application for tax breaks in the absence of a firm plan is improper, the chairperson of the State Senate's government watchdog committee said. First District Sen. Anthony Palumbo, a member of that committee, agreed.
Citing ‘extreme financial burden’ on school district from tax exemptions, RCSD asks the town IDA to voluntarily stop exempting school taxes
Citing the loss of more than $15 million in tax revenue over the past decade — $2.7 million in 2022 alone — Riverhead school district officials say 'enough is enough.'
New objections, questions from town supervisor and community raised about town’s chosen ‘path forward’ on $40 million Calverton land deal
Supervisor Yvette Aguiar raised concerns last week about when the town would receive the balance of its $40 million for land at the Calverton Enterprise Park, if the Riverhead Industrial Development Agency moves the town's deal with Calverton Aviation and Technology forward.
Teachers, school district officials and state lawmakers take a stand against IDA school tax exemptions
According to data reported by the Riverhead IDA to the state comptroller, net school property tax exemptions granted by the IDA in the decade from 2013 to 2022 totaled more than $15 million.