08/20/14 4:09pm
Supervisor Sean Walter and Councilwoman Jodi Giglio at Tuesday night's Town Board meeting. (Credit: Paul Squire)

Supervisor Sean Walter and Councilwoman Jodi Giglio at Tuesday night’s Town Board meeting. (Credit: Paul Squire)

The Riverhead Town Board’s anticipated vote on authorizing a $6 million, two-year bridge loan to stave off a double-digit tax increase next year was put on hold Tuesday, because four board members are split on the issue and the fifth was absent from the meeting.

Supervisor Sean Walter said that without the loan, the town will face a 12.5 percent tax increase next year and that cutting $4 million — the amount of the town’s general fund deficit — would involve eliminating about 60 town positions. (more…)