“Town Board members have approved the $5 million sale of the Suffern Quarry to a New Jersey developer, ridding taxpayers of a large hole in the ground and potentially erasing a multi-million-dollar general fund budget deficit.
The five officials gave their approval Wednesday night during a board meeting broadcast via Zoom. The coronavirus pandemic has prohibited public gatherings.
The town’s treasurer. John Lynch, also discussed the audit of the town’s 2019 finances showing a general fund budget deficit of $3.7 million, down from $13.7 million in 2017. The deficit had been less than the projected $5.4 million by officials when they prepared the 2020 budget.
After the town and developer close on the quarry sale, the $5 million would cover the $3,7 million budget hole and leave the town with a potential surplus of $1.3 million, Supervisor Michael Specht said.”
Read the full text of the Journal News story here.