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East Hampton Town Adopts 2024 Budget: $95 Million

Wed, 11/22/2023 - 09:26
The East Hampton Town Board during its Nov. 16 meeting
LTV East Hampton

The East Hampton Town Board voted last Thursday to adopt a budget for the 2024 fiscal year, which begins on Jan. 1.

The $95.46 million budget, a 5.3-percent increase over the adopted 2023 budget, was the subject of a Nov. 2 public hearing that drew no comment. Changes from the tentative to the preliminary budget that the board agreed to had a minimal impact on tax rates.

Those living outside an incorporated village will see a tax rate increase of 1.5 percent. For those living inside a village, the tax rate increase will be 8 percent. A property with an assessed value of $4,000, meaning a market value of just over $1 million, will see a tax increase of about $20 if outside an incorporated village and $40 if inside one. 

The budget includes promotions for 13 employees and adds a supervisory employee in the Ordinance Enforcement Department. A statement from Town Hall last week announced that the town and its union workers had ratified a new contract. Under it, Civil Service Employees Association members will see a $2,000 across-the-board increase to their base wages in 2024.

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