Shelter Island real estate professionals are unanimous in their optimism about the 2019 market.
Coming out of 2018, with a steep downturn in Community Preservation Fund (CPF) revenues of 44.6 percent from 2017, they see an upswing as deals that closed late in 2018 begin to flow through the pipeline to give a boost to the first quarter of this year.
Money for the CPF comes from a 2-percent tax buyers pay when purchasing East End properties and is used as a concrete market indicator of sales and revenues. (more…)
REPORTER FILE PHOTO Shelter Island Public Library Director Terry Lucas.
Threatened state and federal cutbacks in aid to libraries would hamper Shelter Island’s efforts to fund capital projects, including installation of a generator that could provide residents with shelter and activities during a power blackout.
Library Director Terry Lucas has tapped Youth Services Librarian Anthony Vutter to participate in Library Advocacy Day on February 28 to lobby legislators in Albany to reject Governor Andrew Cuomo’s proposed budget cuts. (more…)
BEVERLEA WALZ PHOTO | Highway Department employees on St. Mary’s Road last summer. More state money is on the way for road improvements.
Thanks to the efforts of Assemblyman Fred Thiele Jr. (I-Sag Harbor), Shelter Island will be receiving a $28,100 check to be used for road paving. (more…)
BEVERLEA WALZ PHOTO | Highway Department workers on St. Mary’s Road last summer.
Two documents were on the desk in front of Supervisor Jim Dougherty at Tuesday’s Town Board work session. Mr. Dougherty asked his colleagues if he should sign them. (more…)
REPORTER FILE PHOTO
Look for an upturn in the Shelter Island real estate market in the first quarter of 2016.
That’s the consensus from Island professionals who have weathered what most have termed a frustrating 2015.
Saunders’ Penelope Moore summed it up, saying she’s always looking at trends, and 2015 was “a very unusual year” compared to others. (more…)