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Schools Feel the Sting of Interest Rate Hikes

A seemingly routine aspect of public-school finance is tripping up local school districts that find themselves having to borrow money during the months before tax revenue starts to flow in. “The interest rates have gone through the roof and are continuing to increase,” Jennifer Buscemi, business administrator for the Sag Harbor School District, told the Sag school board on Monday.

For County Executive, So Far Calone Stands Alone

Dave Calone, a former chairman of the Suffolk County Planning Commission who has a background in law and business, is officially the Suffolk County Democratic Committee’s candidate of choice for county executive. Southampton Town Supervisor Jay Schneiderman, who told The Southampton Press late last year that he was considering running for county executive, confirmed Sunday that he has opted not to run.