Riverhead Town Supervisor Sean Walter giving his State of the Town speech last month. (Credit: Tim Gannon, file)
Moody’s Investors Service has downgraded Riverhead Town’s credit rating, meaning the town will have to pay higher interest rates on any future borrowing involving municipal bonds, according to a summary report listed on the credit rating agency’s website.
The downgrade, from an Aa2 score to an Aa3 score, was attributed to the town’s steady depletion of its reserves. (more…)
At face value, Supervisor Sean Walter’s effort to save taxpayers money by consolidating town government offices seems to be a good idea — and it’s good that he’s pursuing such good ideas. Trimming the number of town employees by 12 percent over the last five years has surely saved taxpayers money — and will continue to down the road. However, the need for the town to trim even more personnel to balance its budget next year and beyond is a real problem — one that’s largely of his and this Town’s Board’s own creation. (more…)
Riverhead Town Supervisor Sean Walter issued a Proclamation of Winter Storm Event Saturday afternoon as a snowstorm began to dump as much as eight inches across the area from Saturday night through Sunday morning. (more…)
With temperatures in single digits at times today, Riverhead Town is urging people to stay indoors and has opened a warming center at the town Human Resource Center in Aquebogue from 8:30 a.m. to 4:30 p.m. on Friday. (more…)
A Google Maps street view pic of Plant 16. (Credit: Google Maps)
The Riverhead Town Water District will spend more than $500,000 on a system to remove the contaminant perchlorate from a well in Calverton.
Town Board members Jim Wooten and John Dunleavy, left, and Supervisor Sean Walter at a town board meeting earlier this month. (Credit: Barbaraellen Koch, file)
Supervisor Sean Walter says his tentative 2015 town budget will include about $1.6 million in anticipated revenues from the sale of land at the Enterprise Park at Calverton, or however much is needed to plug what is currently viewed as a $1.6 million deficit. (more…)
To the editor:
Last week, Sean Walter’s signature solutions for our town — a multi-million dollar “bridge” loan and specifics of a reuse plan prepared by his hand-picked, no-bid $600,000 consultant for EPCAL — were overwhelmingly rejected by his fellow Town Board members as well as the public. (more…)
Before last week’s packed public aircraft noise meeting in Wainscott, a smaller group of public officials met with representatives of the Federal Aviation Administration in Riverhead.
As with previous encounters with the FAA, nothing much was accomplished, according to those who attended the meeting. (more…)