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Riverhead board approves $29 million tax anticipation note, MOAs, consultant and several agreements
Summary
At its June 24 meeting the Riverhead Central School District board approved a not-to-exceed $29,000,000 tax anticipation note and multiple memoranda of agreement, employment contracts, a consultant agreement, a SUNY Stony Brook partnership and a town grant for a Phillips Avenue water-quality project.
The Riverhead Central School District Board of Education on June 24 authorized a not-to-exceed $29,000,000 tax anticipation note for the 2025–26 fiscal year and approved a series of contracts and memoranda of agreement covering retirement incentives, a sick bank, consultant services, college partnerships and a town grant for a local water-quality project.
The board moved on a single motion to accept the consent agenda and then voted individually on listed items. The board approved a resolution authorizing issuance of a tax anticipation note, described in the meeting as “not to exceed $29,000,000” in anticipation of receipts for the fiscal year ending June 30, 2026. The motion carried by voice vote; the minutes record “All in favor? And the motion passes.”
Board members approved multiple agreements with the…
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