The East Hampton Town Board, at its November 15 meeting, unanimously passed an over $80 million budget for 2019, essentially unchanged from the proposed budget that was the subject of a public hearing November 1. According to the adopted budget posted online by the town, the total of $80,722,380 is just slightly higher than the $80,666,796 originally proposed. The final number is slightly under $3 million more than the 2018 budget of $77,757,527.
The Town of East Hampton maintains a AAA credit rating from Moody’s. The tax rate on property in the Town of East Hampton is going up by 67 cents per $100 of assessed value, a 2.2 percent increase, while the rate in East Hampton Village is increasing by slightly under 38 cents per $100 assessed value, an almost 3.3 percent rise.