The Town of Huntington sold $9.88 million in bonds at a favorable rate of 2.82 percent, after three Wall Street investment firms decided to maintain the town's AAA rating.
Fitch cited "strong financial management practices, including conservative budgeting and demonstrated ability to control expenditures combined with a mature and stable tax base have enabled the town to maintain strong reserve levels and overall financial flexibility."
The $9.88 million in bonds will be used for the South Huntington Water District ($3.5 million), road rehabilitation ($2.6 million) and various other capital projects ($3.78 million). The 2.82 percent interest rate is lower than the rates paid for bonds in 2010 (2.85 percent) and 2009 (2.96 percent). The ratings apply to that bond sale and to the town's $132 million in outstanding debt.
Movies on the Lawn
The town has announced the schedule of its eighth season of its program. The schedule begins June 27 and runs until Aug. 24.
The free movies will be shown on a large blow up screen in full surround sound. Showtimes will begin between 8:30 p.m. and 9 p.m. All movies are rated PG.
The town is seeking submissions for a Huntington Station Plaza public art project. Sealed submissions are due by July 15.
More than 300 people attended a at Harborfields High School. Councilwoman Glenda Jackson, together with AvalonBay, H2M and the Huntington, East Northport, and Melville Chambers of Commerce hosted the event.
Thirty local businesses participated, including Leviton, The Bristal at East Northport, DDI, Five Towns College, Gurwin Home Care, H2M, and Toys ‘R’ Us.