Brookhaven’s AAA Credit Rating and Stable Outlook Re-Affirmed by Standard & Poors Global

Farmingville, NY – Supervisor Ed Romaine has announced that S&P Global has assigned the Town of Brookhaven its AAA credit rating and stable outlook to the Town’s upcoming Bond Sale later this month that will refinance the Town’s outstanding 2011 Bond with lower interest rate. S&P Global also re-affirmed its AAA credit rating on the Town’s existing General Obligation Debt. S&P Global’s AAA credit rating, the highest designation that the agency issues, is an important and reliable indicator of the Town’s fiscal health determined by independent and objective fiscal monitors. A higher credit rating saves the town money on its borrowings in the form of lower interest costs.

In the report, S&P Global viewed the Town’s management team “as very strong, with strong financial policies and practices under our Financial Management Assessment (FMA) methodology, indicating financial practices are strong, well embedded, and likely sustainable.”

The report reflects S&P Global’s opinion of the Town’s:Town AAA Credit Rating

Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA), coupled with a local stabilizing institutional influence;
Strong budgetary performance, with operating surpluses in the general fund and at the total governmental-fund level in fiscal 2018;
Very strong budgetary flexibility, with available fund balance in fiscal 2018 at 44% of operating expenditures;
Very strong liquidity, with total government available cash at 64.7% of total governmental-fund expenditures and 3x governmental debt service, and access to external liquidity we consider strong;
Adequate debt-and-contingent-liability position, with 90% of debt scheduled to be retired within 10 years

Supervisor Ed Romaine said, “The Town continues to perform at a very high level of fiscal responsibility and it clearly shows in S&P Global’s report that we are on the right course for the future. I’d like to thank Commissioner of Finance Tamara Branson, Chief of Operations Matt Miner and Councilwoman Jane Bonner for the work they do to strengthen the Town’s finances. We have saved millions of taxpayer dollars and will continue to remain on this track well into future.”

Councilwoman Jane Bonner, who serves as the Town Board Liaison to Finance said, “I commend my colleagues on the Town Board and Supervisor Romaine for their support as we continue to improve our financial stability. The real winners are the Brookhaven taxpayers who want to make sure that their hard-earned money is being spent wisely and that we are doing the best that we can to protect their interests.”

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Join us for our Winter Long Island Restaurant Week January 26th – February 2nd, 2020. As always during restaurant week, participating restaurants will offer a $29.95 three-course prix fixe all night every night they are open from Sunday to Sunday, except Saturday when it only has to be offered until 7 p.m.

There are new restaurants participating this winter. Why not take this opportunity to get out and try a new spot, or head back to some of your favorites. With so many different cuisines and options to choose from, you are sure to find something to suit your palate. Bon Appétit!

Here is the list of participating Suffolk County restaurants, click on the Restaurant name for menu options or to make a reservation :

Alexandros Kitchen and Bar (631) 979-9700 Suffolk – Smithtown, Mediterranean

Alexandros Restaurant (631) 928- 8600 Suffolk – Mount Sinai, Mediterranean

Athenian Greek Taverna (631) 499-7660 Suffolk – Commack, Greek

Avino’s Italian Table (631) 803-6416 Suffolk – Bellport, Italian

Babylon Carriage House (631) 422-5161 Suffolk – Babylon, American

Barmani’s Kitchen and Bar (631) 659-3889 Suffolk – Huntington, Continental

Bella Vie (631) 500-9045 Suffolk – Bay Shore, Italian

Besito Mexican (516) 620-3222 Suffolk – West Islip, Mexican

Besito Mexican (631) 549-0100 Suffolk – Huntington, Mexican

Bistro 25 (631) 589-7775 Suffolk – Sayville, New American

Bistro 58 (631) 881-6013 Suffolk – Islandia, American

Bistro Cassis Huntington (631) 881- 6013 Suffolk – Huntington, French

Café Buenos Aires (631) 603- 3600 Suffolk – Huntington, French

Cafe Havana Bar And Grill (631) 670-6277 Suffolk – Smithtown, Cuban

Café Joelle (631) 589-4600 Suffolk – Sayville, American

Captain Bill’s (631) 665-6262 Suffolk – Bay Shore, Seafood

Casa Rustica (631) 265-9265 Suffolk – Smithtown, Italian

Chachama (631) 758-7640 Suffolk – East Patchogue, New American

Chop Shop Bar and Grill (631) 360-3380 Suffolk – Smithtown, American

Cinque Terre Ristorante (631) 923-1255 Suffolk – Huntington Sta., Italian

Drift 82 (631) 714-4950 Suffolk – Patchogue, American

Garden Grill Restaurant (631) 265-8771 Suffolk – Smithtown, American

George Martin’s Strip Steak (631) 650-6777 Suffolk – Great River, Steakhouse

H20 East Islip (631) 277-4800 Suffolk – East Islip, Seafood

H20 Smithtown (631) 361-6464 Suffolk – Smithtown, Seafood

Honu Kitchen & Cocktails (631) 421-6900 Suffolk – Huntington, American

Imperial Meat Company (631) 824-6222 Suffolk – Huntington, Steakhouse

Irish Coffee Pub (631) 277-0007 Suffolk – East Islip, Continental

ITA Kitchen (631) 267-5916 Suffolk – Bayshore, Italian

Jonathan’s Ristorante (631) 549-0055 Suffolk – Huntington, Italian

Konoba Huntington (631) 824-7712 Suffolk – Huntington, Mediterranean

La Parma II Italian Restaurant (631) 367-6360 Suffolk – Huntington, Italian

LaTavola (631) 750-6900 Suffolk – Sayville, Italian

Le Soir Restaurant (631) 472-9090 Suffolk – Bayport, French

Lombardi’s on the Bay (631) 654- 8970 Suffolk – Patchogue, Italian

Mac’s Steakhouse (631) 549-5300 Suffolk – Huntington, Steakhouse

Maria’s (631) 979-7724 Suffolk – Nesconset, Latin

Matteo’s of Huntington (631) 421- 6001 Suffolk – Huntington Station, Italian

Mirabelle Restaurant & Tavern (631) 751-0555 Suffolk – Stony Brook, French

Mission Taco (631) 614-8226 Suffolk – Huntington, Mexican

Monsoon (631) 587-4400 Suffolk – Babylon, Asian

Nantuckets (631) 509-4848 Suffolk – Port Jefferson, American

Orto (631) 473-0014 Suffolk – Miller Place, Italian

Pasta Pasta (631) 331-5335 Suffolk – Port Jefferson, Italian

Piccola Bussola Ristorante (631) 692- 6300 Suffolk – Huntington, Italian

Piccola Mondo (631) 462-0718 Suffolk – Huntington, Italian

Pietro Cucina Italiana (631) 862-6129 Suffolk – St. James, Italian

Pine Grove Inn Steakhouse & Seafood (732) 900-4978 Suffolk – East Patchogue, American

Raimo’s of Amityville (631) 608-3260 Suffolk – Amityville, Italian

Recipe Seven Cocktails and Kitchen (631) 331-5454 Suffolk – Miller Place, American

RHUM Island Inspired Cuisine & Rum Bar (631) 569-5944 Suffolk – Patchogue, Eclectic

Ristegio’s (631) 731- 3663 Suffolk – Patchogue, American

Salt & Barrel (631) 647-8818 Suffolk – BayShore, Seafood

Sandbar Restaurant (631) 498-6188 Suffolk – Cold Spring Harbor, American

Sea Basin Restaurant (631) 744-1643 Suffolk – Rocky Point, Seafood

Snapper Inn (631) 589-0248 Suffolk – Oakdale, Seafood

Taormina Ristorante (631) 499-6900 Suffolk – Commack, Italian

The Blue (631) 446-4233 Suffolk – Islip, American

The Fish Store (631) 472-3018 Suffolk – Bayport, Seafood

The LakeHouse Restaurant (631) 666-0995 Suffolk – Bayshore, New American

The Main Event (631) 522-1030 Suffolk – Farmingdale, American

The Sayville Inn (631) 319- 6774 Suffolk – Sayville, American

Ting Restaurant (631) 425-7788 Suffolk – Huntington, Asian

Verace (631) 277-3800 Suffolk – Islip, Italian

View Restaurant (631) 589-2694 Suffolk – Oakdale, Seafood

Vittorio’s Italian Steakhouse (631) 264-3333 Suffolk – Amityville, Steakhouse

Wave Steakhouse and Seafood (631) 928-5200 Suffolk – Port Jefferson, American

Whalers (631) 647-9300 Suffolk – Bayshore, New American

Long Island Restaurant Week is a tri-annual event designed to garner positive publicity and additional business for the region’s restaurants. Since 2006, it has been an annual November promotion until the first spring Long Island Restaurant Week was launched in April 2011 and then winter was added in January of 2016, due to popular customer and restaurateur demand. Don’t miss out, get out and be a part of this popular event!