The Town of Oyster Bay has just closed the books on the year 1998. The town's Director of Finance Robert McEvoy said in preparing his year end report: "Every fund is ending with a surplus." The budget came out as projected when he was planning the 1999 budget, "After all the adjustments are made, each and every fund ended with a surplus."
Mayor Michael Peragine surprised residents at the second public hearing about making four year terms for elected officials. He wanted the board to cancel the vote, as critics challenged his estimate of the cost of elections that prompted the issue.