Town Board to weigh in on supervisor’s tentative 2014 budget
The Southold Town Board has scheduled a special work session for 12:30 p.m. today to discuss Supervisor Scott Russell’s proposed $41.6 million 2014 budget.
The spending plan includes a 1 percent spending increase over the current year and would result in a 1.17 percent tax hike, the supervisor said.
The budget calls for $23 million to be raised through taxes, according to Mr. Russell’s budget statement.
READ THE FULL STATEMENT AND VIEW THE BUDGET
Mr. Russell’s proposal, which Town Board members will now review and amend, if they so choose, features the use of $2.4 million in reserves to balance the budget, down from $2.7 million in the current year. The town would be left with $3.8 million in its fund balance, Mr. Russell told The Suffolk Times.
The work session will be held today at 12:30 p.m. at the Southold Town Annex, Capital One Bank Building, 54375 Main Road.
A budget question and answer session with the public will be held next Monday, Oct. 28 at the Peconic Lane Community Center in Peconic. A public hearing is scheduled for 7 p.m. Nov. 6.
