The Islip Town Board recently adopted a resolution approving nearly $17 million in bonds to make what officials called essential improvements to the town’s infrastructure.
“We borrow the money, and we start to do the capital work in the town as needed,” said Islip Supervisor Phil Nolan.
He added that issuing the bonds is “aimed towards a no-tax-increase budget in 2012.”
Town controller Joseph Ludwig
At its last regularly scheduled meeting, May 24, the town board unanimously approved $16.86 million in capital bonds for work that includes $5.5 million to pave roads, $2 million for improvements of marinas and bulkheads and $475,000 in sidewalk improvements.
The town will determine when the work will begin after the bond sale date is scheduled, Ludwig said.