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Tax cap

Riverhead Town pierced 2% tax cap for 5 years without following proper procedure: audit report

by Mar 14, 2023
The mistake, first discovered by the auditor as it completed the 2020 audit, was fully corrected by fiscal year 2023 and the town faces no penalties for the error, according to Riverhead Financial Administrator Bill Rothaar.

Riverhead’s 2023 operating budget, raising tax rate more than 4%, approved by 3-2 vote, with Aguiar and Rothwell voting no

by Nov 16, 2022
The Town Board voted 3-2 last night to approve a 2023 operating budget that pierces the tax levy cap and raises the tax rate by more than 4%. Supervisor Yvette Aguiar voted no, citing amendments to her tentative budget proposed by council members — all but one of which she voted to approve at the board’s Nov. 1 meeting. 

Public hearing on law authorizing town board to override tax cap set for tonight

by Oct 20, 2015
Riverhead officials will hear public comment tonight on a proposed local law authorizing the town board to override the state-imposed property tax cap for fiscal year 2016.