Donations from compassionate individuals and businesses in our community are our primary source of funding.The cost of providing shelter, food and medical care for more than 3,000 animals each year far exceeds what we take in from adoption fees, and
town contracts amount to less than 7 % of our overall budget.
Notwithstanding the foregoing provisions, but subject to such requirements as the legislature shall impose by general or special law, indebtedness
contracted by any county, city,
town, village or school district and each portion thereof from time to time
contracted for any object or purpose for which indebtedness may be
contracted may also be financed by sinking fund bonds with a maximum maturity of fifty years, which shall be redeemed through annual contributions to sinking funds established by such county, city,
town, village or school district, provided, however, that each such annual contribution shall be at least equal to the
amount required, if any, to enable the sinking fund to redeem, on the date of the contribution, the same
amount of such indebtedness as would have been paid and then be payable if such indebtedness had been financed entirely by the issuance of serial bonds, except, if an issue of sinking fund bonds is combined for sale with an issue of serial bonds, for the same object or purpose, then the
amount of each annual sinking fund contribution shall be at least equal to the
amount required, if any, to enable the sinking fund to redeem, on the date of each such annual contribution, (i) the
amount which would be required to be paid annually if such indebtedness had been issued entirely as serial bonds, less (ii) the
amount of indebtedness, if any, to be paid during such year on the portion of such indebtedness actually issued as serial bonds.
However, under state law, that goal only applies to
contracts issued by state agencies and authorities; it does not apply to state funding given to localities such as cities, counties,
towns, villages and school districts, which
amounts to approximately $ 65 billion annually.
That has been followed by reports of the vacations taken by Nassau County Executive Ed Mangano and Oyster Bay Supervisor John Venditto — both Republicans - that were paid for by a restaurateur with county and
town contracts, county
contracts for
amounts that appear intended to skirt the $ 25,000 threshold calling for county Legislature review and other
contracts over $ 25,000 that slipped through without legislative review when they failed to act within the required 90 days.
But when its
contract was approaching expiration a few years ago, the
town decided to give local parents the option of sending their children to private schools as well, and the
town would cover tuition up to the
amount that it was spending per pupil at the neighboring district school (about $ 12,000).