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By Michael Christodoulou

Michael Christodoulou

As we begin the new year, you may be receiving various tax statements from your financial services provider — so it’s a good time to consider how your investments are taxed. This type of knowledge is useful when you’re doing your taxes, and, perhaps just as important, knowing the type of taxes you generate can help you evaluate your overall investment strategy. 

To understand the tax issues associated with investing, it’s important to understand that investments typically generate either capital gains or ordinary income. This distinction is meaningful because different tax rates may apply, and taxes may be due at different times. 

So, when do you pay either capital gains taxes or ordinary income taxes on your investments? You receive capital gains, and pay taxes on these gains, when you sell an investment that’s increased in value since you purchased it. Long-term capital gains (on investments held more than a year) are taxed at 0%, 15% and 20%, depending on your income. 

Also, qualified dividends — which represent most of the dividends paid by American companies to investors — are taxed at the same rates as long-term capital gains. (Keep in mind that you’ll be taxed on dividends even if you automatically reinvest them.)

On the other hand, you pay ordinary income taxes on capital gains resulting from sales of appreciated assets you’ve held for one year or less. You also pay ordinary income taxes when you receive “ordinary” dividends, which are paid if you purchase shares of a company after the cutoff point for shareholders to be credited with a stock dividend (the ex-dividend date). 

Because your ordinary income tax rate may be much higher than even the top long-term capital gains rate, you may be better off, from a tax standpoint, by focusing on investments that generate long-term capital gains. And the best strategy for doing just that is to buy quality investments and hold them for the long term. By doing so, you could also reduce the costs and fees associated with frequent buying and selling.

The investment tax situation has another twist, though, because not all ordinary income is taxable — and if it is, it may not be taxable immediately. The most common example of this is tax-deferred accounts, such as a traditional IRA and 401(k). When you take money from these accounts, typically at retirement, you’ll pay taxes at your personal tax rate, but for the years and decades before then, your taxes were deferred, which meant these accounts could grow faster than ones on which you paid taxes every year. Consequently, it’s generally a good idea to regularly contribute to your tax-advantaged retirement accounts. 

Finally, some investments and investment accounts are tax free. Municipal bonds are free from federal income taxes, and often state income taxes, too. And when you invest in a Roth IRA, your earnings can grow tax free if you don’t start taking withdrawals until you’re at least 59½ and you’ve had your account at least five years. 

Ultimately, tax considerations probably shouldn’t be the key driver of your investment choices. Nonetheless, knowing the tax implications of your investments — specifically, what type of taxes they may generate and when these taxes will be due — can help you evaluate which investment choices are appropriate for your needs.  

Michael Christodoulou, ChFC®, AAMS®, CRPC®, CRPS® is a Financial Advisor for Edward Jones in Stony Brook. Edward Jones, Member SIPC

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METRO photo

Without intervention, the current youth exodus from Long Island will have crippling effects generations from now. 

Here on Long Island, we excel at educating children. New and aspiring parents enter our communities for top-notch schools. This public education system offers a necessary springboard for prosperous lives.

Getting our youth to stay put and prosper on this Island is a puzzle. The cost of living is higher than in many other places around the U.S. Long Islanders have some of the country’s highest taxes, rents and utility costs. For too many young people, the costs outweigh the benefits, and they flee.

Consequently, we are losing generations of educated, homegrown Long Islanders. The investments we make into public schools are going unrewarded. 

Without a new generation of workers powering our local economy, municipalities will miss out on a sizable tax base. With fewer customers patronizing local businesses, our downtowns will suffer. With fewer new families, our first-rate school districts will shutter. And the loss of youth will deprive our communities of continual cultural enrichment.

For all these reasons, our leaders must take a close look at why young people are leaving, then do something about it. Given the multitude of factors and variables, a multiyear study on the conditions of youth flight may be in order.

Some measures can be taken now. Investments in new, affordable housing options are beneficial, creating competition in our often-inflated rental market that squeezes those just entering the workforce. Offering below-market rents can encourage young people to stay and live here.

We also ask our public officials to respect their taxpayers, taking a close forensic accounting of their budgets. Amid this inflationary period and uncertain economic times, they should practice greater fiscal responsibility, exploring ways to limit needless spending.

While acknowledging this need, we do not endorse excessive cuts to school, library and fire district budgets. These vital public institutions remain major draws to our Island.

With common-sense reforms and proper budgetary management, Long Island can retain and build upon our current population of young people. Through our efforts today, generations of Long Islanders could soon spring forth.

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The Town of Brookhaven Town Hall. File photo

The Brookhaven Town board passed Nov. 19 its $312.9 million budget also establishing its capital budget plan for the next four years. 

The budget is a nearly $10 million increase from last year’s $302 million, but officials have said there would only be a small increase in property taxes.

Supervisor Ed Romaine (R) praised the budget for not dipping into the town’s fund balance, or its rainy-day funds, and for staying under the 2 percent state tax cap.

The board unanimously voted to amend the two budgets at the Nov. 19 meeting. Town Chief of Operations Matt Miner said those amendments were cases of overestimating or underestimating revenues from specific items. Other areas were changed to make the final document budget neutral.

“There were no changes to the overall budget or the tax levy,” Miner said.

New budget capital projects comes in at $43.9 million, which is $14.6 million less than 2019. The town budget eliminates $15.8 million in pension debt and $30.1 million in “pipeline” debt, which is money left over from the closed bond projects, either unused or unappropriated.

“The budget meets my original three-point plan to reduce deficit spending,” Romaine said. “All funds are in compliance with the fund balance policy.”

The 2020-24 capital budget sets up public improvement projects established via bonds and reserves. This includes $26.4 million for the Highway Department, comprised of road repairs, drainage, traffic safety, facilities and machinery/equipment. This is in addition to a $5 million increase for road resurfacing in the operating budget from $10 million to $15 million.

Elected officials will also see a small raise in annual pay. Council members will receive a $1,446 increase to $73,762, while the supervisor will be bumped by $2,398 to $122,273. The highway superintendent salary is set at $121,515. Town clerk and tax receiver will each receive around $2,000 in increases. Elected officials have seen an approximate $2,000 pay increase over the past few years.

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Richard DeBragga, Brookhaven town tax assessor, speaks to Sound Beach Civic about STAR rebate. Photo by Kyle Barr

Big changes have been made to the STAR rebate, and Richard DeBragga, Brookhaven town tax assessor, came to the Sound Beach Civic Association’s meeting Aug. 12 to explain what that means for North Shore residents.

The STAR rebate gives around 2.6 million homeowners in New York State the opportunity to get a rebate on their school taxes, which represent an average of 60 percent of a homeowner’s tax bill. Homeowners who qualify include those making under $500,000 annually and have their home as their primary residence. Those seniors, over 65 years of age, are able to get what is called the Enhanced STAR credit, and those must have an adjusted gross income below $86,300.

The state budget, approved back in April, made several changes to the program. Before, those that bought their homes starting Aug. 1, 2015, have been receiving checks in the mail instead of savings on their bills. 

In essence, the program now incentivizes a mail-in check instead of the usual savings in the school tax bill as has been normal since the program was implemented nearly 25 years ago. Now those making $250,000 and $500,000 a year will also receive checks. In addition, those enrolled in Enhanced STAR must enroll in an income verification program to verify they are making below the minimum. DeBragga said those who want to apply to have to verify their income every year through the program, unless they can sign a statement that they qualify so the program will automatically check it every year.

DeBragga said the state is incentivizing checks rather than the tax break, saying the state is only offering the 2 percent annual increase to those who receive checks.

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Supervisor Ed Romaine during his State of the Town address. Photo by Kyle Barr

The Town of Brookhaven is boasting of its finances while promising to improve town infrastructure, both in its railways and along its streets.

The town will be offering up $150 million to fix and aid town-owned roadways in 2019. Town spokesmen declined to offer more details but said more information will be coming later in the week.

“We need to ensure solid infrastructure is in place,” town Supervisor Ed Romaine (R) said. “We cannot wait any longer … we have to bite the bullet, we can’t wait any longer for federal or state assistance.”

During a 45-minute speech March 11, Romaine boasted of the town’s finances, citing its 2019 $304.2 million budget which stayed within the tax cap while not using any of the town’s fund balance. The supervisor added that fund balance was another point of pride, saying the fund balance grew by 9.4 percent across the six major funds while the town’s bond rating remained at Triple A, according to Standard and Poor’s. He said this fund balance should the town suffer any unexpected financial issues, such as the 2008 recession.

Further, he promised explicitly to keep taxes as low as possible, despite the town making up approximately 8 percent of residents’ overall tax bill.

“Our residents cannot pay more in taxes,” Romaine said. “I don’t have to tell you, but too many people, young and old, are leaving Long Island.”

The town also boasted of its Brookhaven United Consolidation and Efficiency Plan, which has started to look at creating shared services between other local municipalities and the town. The plan is due to a $20 million state grant the town received in June 2018 for the purpose of consolidation. In February, the town went into an agreement with Port Jefferson Village to consolidate its tax receiving methods with the town, using $478,000 of the grant funds. Brookhaven Town Receiver of Taxes Louis Marcoccia has said he expects the program will be extended to other villages.

In addition to tax receiving, the supervisor said the town has also consolidated services with local municipalities in purchasing road salt and sand, paving, as well as doing road clearing during snows such as with the Village of Shoreham. In April, the town has advised it will launch a municipal market portal, which will enable villages and special districts to have full access to all town contracts.

Romaine said the plan, once fully implemented over the next few years, will generate an estimated $61 million in savings for the town.

Romaine had complaints about the speed of development by New York State, not only on its roads but also the rail network in the town. Brookhaven has three Long Island Rail Road lines, one going through Port Jefferson, the Montauk line and the Ronkonkoma line, the most trafficked, which goes through the center of the town. He continued calls for electrification of these rail lines which has also been supported by state Sen. Ken LaValle (R-Port Jefferson), who appropriated funds for an electrification study on the Port Jeff line.

“We cannot compete in the 21st-century economy with a 19th-century rail system,” Romaine said. “We collect a ton of money for the MTA, but we don’t see it here.”

The LIRR has also agreed to relocate the Yaphank train station so it is adjacent to William Floyd Parkway, just south of the Long Island Expressway. He said this will could take much of the burden off the Ronkonkoma train station, whose parking lot is often way past its max capacity.

While touting town savings, Romaine said officials were still concerned about the loss of $1.8 million in state aid through the NYS Aid and Incentives for Municipalities program.

“We need to start working as a region, or we will watch the rest of the country pass us by,” the supervisor said.

He also discussed environmental measures, including the town’s solar projects, the water table underground and fears of rising tides.

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Suffolk County Legislator Rob Trotta. File photo by Rachel Shapiro

Suffolk County officials have set their sights on the wallet of a disgraced ex-police chief, looking to recoup costs of litigation.

Nearly three months after Suffolk County legislators tabled a proposal to sue former police chief James Burke over the $1.5 million settlement it paid out to his victim, the Suffolk County Legislature passed a measure March 5 to begin a lawsuit in an attempt to recoup compensation and salary Burke had received up to when he resigned in October 2015. 

“Burke clearly breached the oath he took as an officer and the duty he owed the county to serve in his capacity faithfully and lawfully,” Legislator Rob Trotta (R-Fort Salonga) said. The Smithtown legislator was the main sponsor of the bill. 

The bill would authorize the county attorney to file a lawsuit by using “the faithless servant doctrine,” which dates back to the 19th century and allows employers to recoup all compensation paid to an employee while they acted in a disloyal manner. 

The resolution was drafted to recover the compensation paid specifically to Burke and no other county employee. 

“It feels great,” Trotta said. “Finally a victory for Suffolk County taxpayers.”

Originally, Trotta wanted to recoup money from a 2018 settlement the county paid to Christopher Loeb, who was shackled and beaten by Burke back in 2012 as part of a cover-up. County attorney Dennis Brown said at a December 2018 Ways and Means Committee public hearing there was no basis for a possible lawsuit and there was no way to recover or recoup the settlement dollars paid in the lawsuit, according to previous reporting by TBR News Media.  

In the federal civil lawsuit, the county agreed to pay the settlement amount for the civil rights offenses as they were the ex-police chief’s employer at the time. The county also paid the settlement for the actions of six other police officers who helped cover up Burke’s actions when he allegedly beat a handcuffed man for stealing a duffle bag from his vehicle.  

At the same hearing, Howard Miller, a Garden City-based attorney with the law firm Bond Schoeneck & King, presented a case for the county suing Burke for his wages and compensation paid by the county under the faithless servant doctrine.

Miller mentioned that he had successfully represented clients at the state level in similar lawsuits, including the William Floyd School District.

“This doctrine is designed to create a deterrent to future acts like this, of corruption and misconduct,” Miller said at the December 2018 public hearing.

Brown also said in a statement that the Suffolk County Charter authorizes either the county executive or the Legislature to direct legal action. The resolution that was passed by the Legislature provides a framework specific to that action, but does not limit the ability of the county executive to pursue additional legal action.

Trotta hopes the measure sets a precedent that anyone, whether in government or not, will be held accountable for their actions. 

“Former District Attorney Spota empowered and conspired with Jim Burke and Chris McPartland,” County Executive Steve Bellone (D) spokesperson Jason Elan said in a statement. “Clearly, all three fall under the faithless servant doctrine so any legal action to recoup taxpayer-funded salary and benefits should include each individual.”

According to a representative from the county executive’s office, Bellone signed the legislation to recover salary and benefits from Burke on March 11 and further directed a similar suit be filed against ex-District Attorney Thomas Spota and his top aide who have also been indicted on related charges.

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Suffolk County Executive Steve Bellone has called on residents to donate PPE for health care workers and first responders. File photo by Kyle Barr

Suffolk County financial reform has leaped to the tops of the minds of members of both parties in county government.

County Executive Steve Bellone (D) announced proposals aimed at strengthening Suffolk’s financial future at a press conference in Hauppauge Feb. 27. As part of the Securing Suffolk’s Financial Future Act, Bellone proposed amending the county Tax Act to allow the county to collect tax revenue that is owed in January, instead of waiting until June. Officials said the plan is the latest in the county’s efforts to streamline operations and be more efficient. 

Bellone said the goal of the plan is to help strengthen the county’s financial condition going forward. 

“It would ensure the county would get tax revenue that it is owed at the beginning of the year instead of waiting until June and [being] forced to borrow funds.”

— Steve Bellone

“When we look at planning ahead, looking beyond where we are today and thinking about where we’ll be five, 10, 15 years down the road — it’s important that we do that,” the county executive said. 

The plan would build upon previous undertakings by the county, which include bipartisan efforts to bring the county in line with the best finance practices set forth by financial experts from the Office of the New York State Comptroller and the Government Finance Officers Association, according to Bellone. 

In doing so, the county would press to amend the Tax Act, which would require state legislation. The county executive said the 100-year-old law is seriously outdated.

“It would ensure the county would get tax revenue that it is owed at the beginning of the year instead of waiting until June and [being] forced to borrow funds,” he said. “This is an issue that crosses party lines, this is not an issue that is partisan or [one] that should be partisan.”

The county executive called for the authorization of a four-year budget plan, which would allow the county to focus on long-term projects as well as updated debt management and fund balance policies. New computer software will be purchased to enhance transparency and
accountability.

Suffolk Comptroller John Kennedy Jr. (R), a known critic of Bellone, announced plans in February to run for county executive in November. His campaign has attacked Bellone on the current state of the county’s finances, placing a lot of the blame on his Democratic contender for a downgrade in Suffolk’s bond rating and for raising county fees. 

Kennedy said Bellone is just attempting to look fiscally responsible.

“Steve Bellone doesn’t know how to spend less,” Kennedy said. 

In a Jan. 31 TBR News Media article, Eric Naughton, Suffolk’s budget director, said while the county’s bond rating has dropped, Kennedy were “overstating” the impact. He said Moody’s, which gives the bond grades to municipalities, was only looking at the past and not the future. Kennedy has said he plans to consolidate county offices in order to reduce taxes.

Legislator Rob Calarco (D-Patchogue), deputy presiding officer, said fiscal responsibility is the top priority when talking about taxpayer dollars. 

“These policies that we are laying out are common-sense ways to ensure that we are transparent with the public,” he said. 

The county executive also called for re-establishing an insurance reserve fund, originally created in 1980, which would assist in paying unexpected legal expenses. There was a call as well to reorganize the county’s audit joint committee and add more members. 

“Steve Bellone doesn’t know how to spend less.”

— John Kennedy Jr.

Bellone said the changes would allow for a more robust and diversified review of the fiscal condition of the county. 

Deputy County Executive Jon Kaiman (D), who helped piece the plan together along with a team from the county executive’s office, said its goal was to figure out how Suffolk County can be best managed and reach its fullest potential. 

“What we can do is to present reform in a manner to get the best out of what this county can offer,” Kaiman said. 

County officials indicated legislation has been filed and expect a hearing to be set at the end of March and the proposals could be up for consideration into law sometime in April. 

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A scene of construction going on behind the fences along Route 25A in Mount Sinai. Photo by Kyle Barr

By David Luces

A long mesh fence has gone up around the corner of Echo Avenue and Route 25A in Mount Sinai. Passing cars can see heavy construction vehicles already breaking the ground on what will be an assisted living community and senior rental space.

As development and construction are underway for two projects, a 120-unit Bristal assisted living community and a 225-unit senior rental complex for individuals 55 and over on a 24-acre parcel of land in Mount Sinai, the Town of Brookhaven Industrial Development Agency earlier last month offered a 13-year payment in lieu of taxes agreement to the developer.

“We’ve had a series of correspondence [with the town] going back two or three years about the need for this particular parcel [of land] to be generating tax income for the community.”

— Ann Becker

Lisa Mulligan, the town’s director of economic development and CEO of the town’s IDA, said the projects would be a major boon to the area, adding these two projects are a $138 million investment for the township, and construction would facilitate around 800 construction jobs, according to town officials. 

IDA documents show once the project is completed, the residential facility will provide four full time jobs with an average salary of $56,000. The assisted living facilty is listed as providing 50 full time and 20 part time jobs with an average salary $36,000 by year two of the facility.

Mulligan said that before construction began in January the developer paid around $46,000 in property taxes on the vacant land. 

The 13-year PILOT would see the developer continue to pay $46,000 in property taxes for the first three years while the two projects are under construction. Then in the fourth year the tax payments would increase to around $190,000 and would continue to rise to about $2.2 million at the end of the PILOT. From there, the developer would pay the full assessed value of the properties, which is expected to be more than the PILOT payments.  

“We are really excited for the projects and to be able facilitate 800 jobs,” Mulligan said.   

Mount Sinai Civic Association has largely been supportive of the senior housing construction plans, though civic leaders are not fond of the news that the developer has received a PILOT from the Brookhaven IDA. 

The civic association hosted a meeting March 4 to discuss the PILOT agreement.  

“The Mount Sinai Civic Association has been consulted by The Engel Burman Group and approves of their plan to construct the senior housing project currently underway on Route 25A in Mount Sinai,” the civic said in a statement provided to TBR News Media.  

According to the civic association, the development is a part of a 1999 legal stipulation which resulted from a lawsuit filed against the town by them on the 24-acre parcel of land, and the land has always been designated for that purpose of creating these senior facilities. However, civic members were disappointed in the loss of tax revenue due to the PILOT.

“Our community has gone through many proposals for this project, and is pleased that the development is finally underway,” the civic said in its statement. “However we were very disappointed to see that a PILOT was approved by the Brookhaven IDA as this parcel was always intended to provide much-needed tax relief for the Mount Sinai community.”  

At the March 4 meeting, civic president Ann Becker reiterated that stance. 

“We’ve had a series of correspondence [with the town] going back two or three years about the need for this particular parcel [of land] to be generating tax income for the community,” she said. “We’ve been concerned about that for a number of years.”

Becker said while they are supportive about the facilities coming to the area and understand there will be some tax benefits for Mount Sinai, they are just unsure if this was the best deal that could have been obtained. 

“We are really excited for the projects and to be able facilitate 800 jobs.”

— Lisa Mulligan

The developers, The Engel Burman Group of Garden City, are no strangers to the Long Island area with 13 other assisted-living locations on the Island, including facilities in Lake Grove and Holtsville. 

Census data shows the senior population will outstrip the younger generations. The U.S. Census Bureau projects that by 2035 there will be 78 million people 65 years and older compared to 76.7 million under the age of 18. 

The Mount Sinai senior rental complex will include a 9,000 square foot clubhouse with a movie theater, card room, outdoor pool, living room and gym. 

Units in the complex, will range from studio up to two bedrooms. A spokesperson from Engel Burman said they have not determined the prices of rent yet.

Information added March 11 denoting number of jobs the two different projects should have by completion.

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Girl doing school work in classroom

This year, more than ever, Long Islanders are about to find themselves in a jam when it comes to taxes. 

It’s been a little more than a month since employees received their 2018 W-2 forms. While that extra $20 or maybe $60 in each paycheck felt great to pocket in January 2018 due to passage of President Donald Trump’s (R) Tax Cuts and Jobs Act, it probably doesn’t feel quite so good now. 

Thousands of middle-class residents are facing a sobering reality upon calculating their 2018 tax returns. Many are finding out their anticipated tax refund has turned into an IOU to Uncle Sam. It’s in part thanks to the elimination of several federal deductions of moving expenses, home equity loan interest or, particularly, the $10,000 cap on state and local taxes deduction. 

It’s the SALT cap that is playing a major factor in reducing or elimination people’s anticipated federal tax return. The average property taxes for Suffolk homeowners is $9,333, according to a 2017 analysis by ATTOM Data Solutions. It’s even higher for many property owners along the North Shore in Setauket, Huntington and Smithtown. Now, there’s nothing to help offset Suffolk’s high taxes. 

For the average Suffolk homeowner, 60 percent of their annual tax bill is due to educational costs, according to the 2017 study. Or, more than half can be attributed to your local school district’s tax levy and annual budget. 

As many North Shore residents come to the realization their property taxes alone exceed the SALT deduction limit of $10,000, school districts are starting to unveil their first drafts of the 2019-20 budgets. While most districts, if not all, anticipate a proposed budget that stays within the state-mandated 2 percent tax cap, any increase in taxes no matter how marginal will continue to put an increased burden on residents. 

It is an undeniable truth that providing our children with a good, solid education in a safe setting is of the utmost importance. We must beg the question — is there some way to do it in a more cost-effective manner? We’re not asking school administrators to cut corners but think creatively when drafting their 2019-20 budgets. 

Whether the state-mandated tax levy cap is 1.83 or 2.58 percent, we’re asking you to think of cost-saving measures — for example, collaboratively purchasing goods and services cheaper in bulk — to help keep the school taxes increases far below that cap. If we were to think of the state-mandated tax cap as a ceiling, we want to ensure there’s adequate space or gap between the budget’s ceiling and the annual increases. 

Everyone has to pull together to keep living on Suffolk’s North Shore affordable, one part of which is keeping taxes as low as possible. As school district taxes make up the largest portion of our taxes, we have to ask districts to please tighten your belts a little more and keep those tax levies low.

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Port Jefferson Village Hall. File photo by Heidi Sutton

The Town of Brookhaven is looking to save money by consolidating property tax collections with other municipalities in the town, starting with Port Jefferson Village.

At the Brookhaven Town Board meeting Feb. 14, councilmembers voted unanimously to use approximately $478,000 of New York State grant funds to consolidate tax receiving methods with the village. 

“So, the tax collection will be on the front end and the back end.”

— Louis Maroccia

“I am grateful that some our discussions with the village have resulted in actual shared services,” Councilwoman Valerie Cartright (D-Port Jefferson Station) said. “We are always happy when we are able to work collaboratively with other municipalities to streamline services to our residents and reduce costs.”

Brookhaven Town Receiver of Taxes Louis Marcoccia said the first phase of the program, which he expects to be implemented by June, will include printing out tax bills and sending them to village residents. Under the agreement, the village will reimburse the town for postage costs, which are estimated to be $2,000.

The second phase of the new program will introduce third-party software into the village, so it may integrate the entire financial system, though Marcoccia added the town still has to sign a contract with the company concerned and didn’t wish to name the software. He said the new program is expected to start being implemented in the third quarter 2019 and be finished before the end of next tax season in April 2020.

“So, the tax collection will be on the front end and the back end,” the tax receiver said.

Port Jefferson Village Mayor Margot Garant said the village will still be doing property assessments and creating the warrants, but instead of creating bills internally will send all the info over to Brookhaven. She added the new system will also enable village residents to pay bills online, but people will still be allowed to file taxes in person at Village Hall.

“If it creates efficiency, after all they say time is money,” Garant said. “I’d say it’s different than how it was years ago, more than 50 percent of us are paying our bills online.”

“If it creates efficiency, after all they say time is money.”

— Margot Garant

The funding of the new program comes from Municipal Consolidation and Efficiency Competition Award, which granted Brookhaven $20 million in June 2018 to use in municipal consolidation. The intent behind the award was to reduce property taxes through the consolidation of government services, and the town has outlined a total of 16 projects it hopes to tackle in the next few years. 

Brookhaven’s tax receiver said the new system is expected to save the town more than $50,000 in the first year through cutting down on labor and reducing redundancy in the tax collection system. While Port Jeff is the first village to receive this new system, Marcoccia said in upcoming years it will be expanded to encompass all eight of the town’s villages.

“You take the $50,000 and multiply it if we’re able to do all eight, that’s not chump change,” he said.

Along with the consolidation of tax services, Brookhaven Town is also looking to reduce government bloat by consolidating public works operations within the villages, consolidate billing in ambulance districts, establishing shared information technology for cloud-based services and cybersecurity, and create townwide records storage and archive management.

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