04.10.2016 Government Town supervisor: CPF changes could cut tax levy by $3 million Riverhead Town may get a reprieve from future tax increases due to recently approved state legislation that could reduce the town’s debt payments by about $3 million per year, according to Supervisor Sean...
09.25.2014 Government Town says it’s filled looming $1.6 million budget gap Town officials are saying that over the past week, they’ve filled a $1.6 million budget hole and solved the budget crisis, though filling that gap will rely heavily on...
09.03.2014 Government Cuts coming: Board opposes bridge loan & piercing tax cap The town won’t be taking out a $6 million line of credit to cover a $4 million structural hole in its general fund budget next year, nor will it...
08.20.2014 Government Votes delayed on looming budget gap 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...
08.15.2014 Government Board to vote on $6M bridge loan, piercing tax cap Facing a $4 million deficit in next year’s budget, the Town Board will consider on Tuesday a pair of bills to keep its options open: whether or not to authorize...
08.08.2014 Government Budget options: 12% tax jump, mass layoffs, or bridge loan? Riverhead Town is facing a $4 million deficit and a potential 12.5 percent tax increase, even if its spending stays at current levels next year, according to Supervisor Sean...
