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"Coastal Flood Advisory" ...Coastal Flood Advisory in effect until 11 am EST this morning... * tidal departures...2 to 2 1/2 ft above astronomical tides this morning. * Timing...localized minor coastal flooding is expected with the morning high tide cycle. * Coastal flood impacts...brief and localized minor flooding of the most vulnerable Waterfront and shoreline roads and adjacent properties due to height of storm tide. Precautionary/preparedness actions... A coastal Flood Advisory indicates that onshore winds and tides will combine to generate flooding of low areas along the shore. ...Western l.I. Sound water levels this morning... Coastal............time of......forecast total.....Flood..... Location...........high Tide.....Water level.......category.. ...................................(Mllw).................... Kings Point NY......911 am........9.0-9.5..........none...... Stamford CT.........838 am........9.0-9.5..........minor..... Bridgeport CT.......835 am........8.7-9.2..........minor..... , "Small Craft Advisory" ...Small Craft Advisory in effect until 6 am EST Wednesday... ...Gale Warning is cancelled... The National Weather Service in Upton has issued a Small Craft Advisory...which is in effect until 6 am EST Wednesday. The Gale Warning has been cancelled. * Winds and seas...north winds 20 to 30 kt. Occasional gusts up to 35 kt early this morning. Seas 4 to 8 feet across the Long Island Sound. Precautionary/preparedness actions... A Small Craft Advisory means that sustained wind speeds or frequent gusts of 25 to 33 kt and/or seas of 5 ft or higher are expected or occurring...and hazardous to small craft. Inexperienced mariners...especially those operating smaller vessels...should avoid navigating in these conditions. -- Tuesday Jan.24 17,08:24 AM

Senator LaValle and Assemblyman Palumbo Report New Home Buyer Exemption Legislation Passes

Southold would now join East Hampton, Southampton, and Shelter Island in assisting first-time primary homebuyers.

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Southold, NY - June 26, 2014 – Senator Ken LaValle and Assemblyman Anthony Palumbo report that the legislation they sponsored to exempt first-home buyers from the Community Preservation Fund (CPF) transfer tax in Southold has passed both houses of the Legislature. The bill is designed to assist low and moderate-income residents in the purchase of their first, primary home. 
 
“I am pleased that we were able to pass this important bill to help first-time Southold homebuyers.  I have been working on building the regional economy by assisting businesses in creating new, lasting jobs in our area.  This is yet another component that will help our young people stay on Long Island.  I am optimistic that the Governor will sign the bill to add to the other three east end towns who have taken advantage of this opportunity.” Said Senator LaValle.
 
Assemblyman Anthony Palumbo added "I am thrilled to join with Senator LaValle on this legislation that provides low to moderate income families with the opportunity for homeownership.  With the high cost of living on Long Island, this type of tax relief is crucial to keeping our families on Long Island for generations to come."  
 
The legislation (S6965/A9316) exempts primary residential property purchased by first-time homebuyers meeting certain income and purchase price requirements from the tax on real estate transfers in the town of Southold, county of Suffolk.  The maximum household income to take part in the exemption is approximately $126,000, with the maximum home purchase price presently estimated at $399,000.  Once the bill is transferred to the Governor, he has 10 days to consider signing the legislation into law.