A State Comptroller report criticized the Shoreham-Wading River school district for overestimating expenditures, building cash reserves above the legal limit while failing to adopt realistic budgets.
Officials defended the district’s financial standing after the state report last month. READ
Riverhead Town’s proposed $46 million sale of more than 600 acres at the Enterprise Park at Calverton will help the town pay off its debt. But that’s about all it will do, according to Supervisor Sean Walter. READ
No criminal charges will be filed against a town municipal garage employee who took advantage of the town’s state contracts to buy parts at a discounted rate for personal use, while also avoiding sales tax in the process. READ
The Riverhead Town Board discussed a proposed assisted living project for a 10-acre site on the north side of Route 25 in Jamesport at its work session Thursday. READ
A school district in Wading River is owed hundreds of thousands of dollars by Suffolk County for tuition payments for special needs students that had built up over the course of 15 years, according to an audit conducted by the state comptroller’s office. READ
Residents across Long Island whose wallets continue to be squeezed by electric rates higher than nearly anywhere else in the country didn’t need to read a 34-page audit to know that current costs are unsustainable and unacceptable. READ
After a lengthy effort to reduce costs for Long Island Power Authority customers, State Comptroller Thomas DiNapoli said that the utility has been ineffective after he discovered that costs have not been reduced and debt levels continued to rise. READ
North Shore Public Library. (Credit: file photo)
Leaders of the North Shore Public Library may need to take out some books on financial accounting.
The office of State Comptroller Thomas DiNapoli issued an audit in late March reporting that the library district consistently overcharged taxpayers, saving up the extra funds without informing the public that the money wasn’t being spent. (more…)