East Hampton Town
Bonding Approved
Governor Andrew Cuomo has signed legislation that will allow East Hampton Town to borrow money, by issuing bonds repayable over 10 years, to fund an employee separation program, offering town workers an incentive to step down.
Town Supervisor Bill Wilkinson has said implementing the program is part of a package of cost-saving initiatives designed to return the town to sound financial status. He noted that it could help avoid layoffs.