Town Board Adopts 2019 Budget

A Pie chart showing the varying delineations of budget funds

Click HERE to enlarge chart

November 8th, 2018 – Town of Islip Supervisor Angie Carpenter, along with the members of the Islip Town Board, unanimously adopted the Town’s 2019 annual operating budget and the 2019 capital budget plan at today’s public hearing. This budget is tax cap compliant.

The Town’s 2019 operating budget does not cut any services, or programs, and is a status-quo budget. At the direction of the Town of Islip Supervisor, with the support of the Islip Town Board, and as a result of the Town’s strong financial base with a Moody’s Aaa credit rating, the Town was able to withstand an upwards of 7.5% increase to health insurance costs. The 2019 operating budget is a no-frills, no- cuts budget. The operating budget proposes a modest increase of $28 per year per household for the three major funds; the General Fund, the Highway Fund and the Town Outside Village.

The increases in the costs are partly the result of contracts settled this year with both the blue collar and white collar employees, related payroll tax, retirement and health insurance benefits, and the increased cost of debt service for two significant projects adopted last year; the new much-needed Animal Shelter and the borrowing of funds needed to complete the final piece of the decades-long Bay Shore Marina reconstruction project. Included in the 2019 budget, the Town has retired $18.8 million in outstanding debt. The Town was also able to complete the re-opening of Clemente Park, along with a total reconstruction of the swimming pool.

The capital budget plan is used for improvements to Town facilities in need of repair; bulk heading, ramps and playground equipment to name a few. These items would require a subsequent bond approval vote, before the dollars could be spent.

“I would once again like to thank all involved for their cooperation and efforts in delivering this comprehensive 2019 Budget to the residents and taxpayers of the Town of Islip, and for their untiring efforts in providing the level and quality of services and support Islip taxpayers have come to expect and deserve while living and working in our great town,” concluded Supervisor Carpenter.

Facebook | Twitter | Youtube | Pinterest