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September 28, 2017PRESS RELEASE Contact: Supervisor’s office(631) 283-6055 Connie Conway
Southampton Town Supervisor Submits 2018 Budget That Reduces Taxes For Second Straight Year
Southampton Town Supervisor Jay Schneiderman continues to reduce taxes while making much needed improvements to facilities and infrastructure. The Supervisor delivered his 2018 tentative budget to the Town Clerk and Town Board on Thursday September 28, 2017-two days before the September 30th deadline.
The 2018 budget employs conservative management practices to protect taxpayer’s dollars and to assure the Town maintains its strong financial position with credit rating agencies. The budget contains a tax rate reduction of approximately 1%, a reduction for the second straight year. The budget maintains a healthy fund balance which has grown by 40% in the past ten years. The tentative budget is also a reflection of the Town’s aggressive approach to debt reduction, nearly $5 million next year alone. Another very strong indicator, this year, for the first time in 15 years, the total property valuation has increased across all school districts within the Town.
“We are making great strides on the financial front,” said Comptroller Leonard Marchese, who credited the financial leadership of Supervisor Schneiderman and his colleagues on the Town Board.
The 2018 tentative budget contains funding for all current programs, support for contractual and promotional increases, increases in funding for Parks Maintenance, increases in funding for SYS capital improvements, one additional fulltime code officer and approximately $1 million in “Pay as You Go” funding for capital projects to avoid the costs associated with borrowing.
There is also funding for the Ponquogue beach pavilion upgrade, Town Hall HVAC, road improvements, improvements to the Jackson Avenue facilities, Old Ponquogue bridge improvements, Police communications and dispatch upgrades, IT infrastructure and video security, bulkhead projects, improvement to the Shinnecock commercial dock, pedestrian safety improvements in Bridgehampton and Parks’ facilities improvement projects.
“I’m proud to deliver a budget that continues to reduce taxes while maintaining and improving vital services to our residents,” said Supervisor Jay Schneiderman.
Two public hearings will be held on the budget, Tuesday October 24th at 6pm and Tuesday November 14th at 1pm. The final adoption of the budget is scheduled for Monday November 20th at 11am.