East Hampton Village 2013-14 Budget Is Previewed


East Hampton Village’s tentative budget for 2013-14 stands at $19,643,112, which would mean a tax rate increase of 2.2 percent.

According to a brief presentation by Village Mayor Paul F. Rickenbach Jr. on Thursday, spending would increase by 3.2 percent, or $617,322, which includes a $198,112 hike in contributions to the New York State employee retirement system and a $339,781 increase in debt service for capital projects already completed.

The budget also accounts for $200,000 worth of roadwork on North Main Street and elsewhere, the installation of an $80,000 lighted crosswalk on Newtown Lane in front of the Golden Pear and $65,000 to replace a tractor that pulls a large beach-cleaning rake.

The spending increase would be partially offset by an increase in non-tax revenue of 6 percent, or $458,407. Increases in court fines for things like traffic tickets account for $105,000 of the overall revenue increase. Other additional projected revenues are for beach and parking permits, $99,500; Sea Spray cottages rentals, $58,000; and mortgage tax proceeds, $40,000. In addition, the village expects a $146,277 increase in what it is paid to provide emergency communication services to outlying fire districts and municipalities.

After the overall lift in revenues is factored in, the increase in the amount to be raised by taxes would be $258,913, which is $12,141 less than the maximum permitted to meet the state’s 2-percent tax levy cap.

East Hampton Village Administrator Larry Cantwell said the Village Board will hold a public hearing on the budget at its work session on June 6. The village has until the end of June to adopt a budget for next year.

Mr. Cantwell, who’s turning his position over to Rebecca Molinaro and seeking the supervisor seat in East Hampton Town, said he would probably stay with the village until the end of July, although he might take some time off during his final weeks as village administrator.

Facebook Comments