Informational Meeting For Proposed Budget To Be Held Thursday

The Town of Southold will be holding an informational meeting for the public with Supervisor Scott Russell and Town Comptroller John Cushman to learn about the proposed $42.8 million 2015 budget as well as the budgeting process.

The meeting will be on Thursday, Oct. 23 at 6 p.m. at Southold Town Hall meeting room on 53095 Main Road.

The meeting will focus on the content of the proposed budget, anticipated revenues and expenditures as well as the reason for the proposed 1.37% budget increase from fiscal year 2014 resulting in a tax increase of 1.45%. In addition there will be discussion of the New York State mandated tax cap and its relevance to municipal budgets.

While there will be a public hearing on the final budget on Wednesday, Nov. 5th at 7 p.m., the educational meeting will be to inform the public how the budget is developed along with historical policies relating to the fund balance. Comments and questions are welcome at the meeting.