No comments were offered during a public hearing on the East Hampton Village fiscal year 2027 budget, and the village board voted unanimously to approve it when it met on June 17.
Residents will pay a slightly lower tax rate next year than this year. The $31.9 million budget lowers taxes by 0.29 percent, according to a letter accompanying the budget document, whereas the adopted 2026 budget included a tax increase of 1.28 percent. The tax rate is 31.35 percent. Estimated revenues total slightly over $17 million, an increase of almost $1.8 million over this year. The personnel budget totals $13.86 million, an increase of $239,038. A surplus remains at $600,000, and a contingency account remains at $300,000.
Medical insurance increases from $5.07 million to $5.15 million, employee retirement increases 13 percent, to $1.36 million, and police retirement increases 11.6 percent, to $1.8 million. The budget increases the allocation for fire protection services by $131,329, to $4.5 million.
Building Department permit revenues are up by $128,520, and contractors’ license revenues are up $101,770 year to date.
The salary of Mayor Jerry Larsen is $50,000. Christopher Minardi, the deputy mayor, will receive a salary of $20,500, and members of the village board are compensated at $18,000 annually.
The fiscal year begins on Aug. 1 and ends July 31, 2027.
The board will hold an organizational meeting on Wednesday at 11 a.m. at the Emergency Services Building, and a meeting to close the fiscal year on July 31, also at 11 a.m. at the Emergency Services Building. C.W.
