Previous town budgets from 2009 to 2016 used between $ 18 million and $ 53.9 million in reserves to balance the budget and avoid a tax increase.
Not exact matches
Under the
previous town administration, various
town accounts were tapped in past years to pay for day - to - day operating expenses and other items that should have been covered by general
budget or other funds, and now that the process of determining which fund is owed what is done, repayments have begun.
The current state law says that
towns, under the state's so - called «minimum
budget requirement,» can not spend less money on public education than was spent during the
previous year — unless special circumstances such as a sudden drop in enrollment or other problems.
Locally, Riverhead
Town will receive $ 372,218 in CHIPS funding for 2013 - 14, an increase of 26 percent over the
previous state
budget allocation.