The East Hampton Town Board of Trustees adopted its 2010 budget on Friday, November 20 with very few changes made to the spending plan since it was formerly introduced earlier this fall.
The $71.7 million budget has been pared down from the original $72.1 million spending plan submitted by former town Supervisor Bill McGintee just before his resignation in October. The budget will increase taxes by 10.7 percent for residents of the town who do not live in the village with village residents looking at an almost 9 percent tax increase.
Last year, town residents had to swallow a 23 percent tax increase with village residents having their taxes raised 39 percent.
The incoming Republican majority – Supervisor Bill Wilkinson and new town board members Theresa Quigley and Dominick Stanzione – promised during their successful election campaign they plan to spend roughly $10 million less than the current budget calls for. They will join existing board members Julia Prince and deputy-supervisor Pete Hammerle in January.
A majority of the increases projected in the now-adopted budget will cover the cost of debt service on a state backed $15 million in deficit financing to cover rising deficits over the last two years. The total town deficit is predicted to be above $20 million by the close of this fiscal year.
In the last two weeks, minor changes have been made to the budget, including the addition of funding for Project MOST, the East Hampton Day Care and the East End Special Players. All three not for profits lobbied the board to continue their funding at the first budget hearing in the beginning of November and after learning the town would receive approximately $100,000 more than expected in sales tax revenue from the county, board members decided to add the funding back into the budget. Project MOST will receive $15,000, the East Hampton Day Care will get an additional $25,000 in town funding and East End Special Players is slated to receive $10,000 to continue their Saturday afternoon programming in Bridgehampton.