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Town budget

Supervisor’s budget proposal would lower town tax rate, while increasing spending

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Supervisor Yvette Aguiar said she was able to “offset inevitable spending increases including contractual expenses and higher health insurance premiums” and also enhance town government operations by saving money this year and utilizing non-tax sources of revenue.

Moody’s upgrades Riverhead Town’s credit rating

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Riverhead Town’s credit rating has been upgraded by Moody’s Investors Service from Aa3 to Aa2. The town's rating was downgraded from Aa2 to Aa3 in 2015.

Jens-Smith’s budget proposal tops $100 million in total spending for 2020

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Riverhead Supervisor Laura Jens-Smith has proposed a $100,390,400 total town operating budget for 2020, calling for a 2.76% spending increase and a 2.58% increase in the town-wide tax rate.

Board members discuss possible changes to supervisor’s budget

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The changes aired publicly at last week's work session are not incorporated into the preliminary budget set for a public hearing tomorrow afternoon.

As deadline to adopt 2018 budget looms, Giglio calls for budget changes and a special meeting Nov. 20

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Time is running out on the Riverhead Town Board’s opportunity to comply with N.Y. State Law and adopt an operating budget for the coming fiscal year.

Walter’s 2018 tentative budget calls for 1.63-percent town-wide tax rate increase

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The proposed spending plan would mean an “average increase of $45” to town taxpayers, according to Supervisor Sean Walter, who said the budget is balanced and fully funded.

Walter delivers 2017 budget calling for 4.19-percent tax rate hike — $96 per year on the ‘average’ $350,000 home

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Riverhead Town Supervisor Sean Walter delivered his 2017 town budget to the clerk and council members this morning and, as he told the board...

Riverhead police chief, already town’s highest paid employee, gets base salary boosted to $180,792

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The chief's new $180,792 base salary — which is up $13,000 since 2013— only tells part of the story of his compensation package. Other payments, many of which are tied to his base pay rate, boosted his regular earnings to more than $215,000 last year — before a $112,000 sick and vacation time "buy back" brought his total compensation to more than $327,620 for 2014.

Board members shoot down Dunleavy’s proposal to give elected officials annual cost of living raises

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Councilman John Dunleavy’s proposal to provide an automatic annual raise for all elected officials died on the vine last night when he could not get the support of the four other town board members to set a public hearing on the idea. But the public had a hearing anyway.
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Help from state on CPF debt refinance won’t come easy, if at all

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The assistance Supervisor Sean Walter has been hoping to get from a state financing authority to refinance Riverhead's staggering CPF bond debt is far from guaranteed.
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