Recap: Budget calls for 2.94% tax levy increase for Riverhead
Supervisor Sean Walter unveiled his proposed spending plan for next year during a two-hour presentation in Riverhead Town Hall Friday morning.
The supervisor’s budget calls for a 2.94% tax levy increase (allowable under the state tax cap law), and a 2.61% in spending increase over 2012. It also calls for the elimination of three positions.
Some $2.9 million will be taken from reserves to offset a much higher tax increase.
Money is being saved through the retirements of five town police officers, who took advantage of a town-offered retirement incentive package. Those officers will be replaced by five new officers, who earn less money to start.
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