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Town budget

Aguiar’s proposed 2024 budget: $5.5 million town-wide spending increase, 4.9% tax levy hike, piercing cap

by Oct 2, 2023
Riverhead Supervisor Yvette Aguiar has proposed a $5.5 million town-wide spending increase in 2024. The spending, which covers new police officers and...

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. 

Aguiar proposes 3.3% tax hike, piercing cap, to fund $3 million town-wide spending increase in 2023

by Oct 3, 2022
Riverhead Supervisor Yvette Aguiar is proposing a nearly $3 million spending increase, or 4.9%, in the three town-wide funds in 2023, requiring the town to pierce the 2% tax levy cap imposed by state law.

Supervisor’s budget proposal would lower town tax rate, while increasing spending

by Oct 1, 2021
Supervisor Yvette Aguiar said she was able to “offset inevitable spending increases including contractual expenses and higher health insurance premiums” and also enhance town government operations by saving money this year and utilizing non-tax sources of revenue.

Moody’s upgrades Riverhead Town’s credit rating

by Jul 23, 2021
Riverhead Town’s credit rating has been upgraded by Moody’s Investors Service from Aa3 to Aa2. The town's rating was downgraded from Aa2 to Aa3 in 2015.

Jens-Smith’s budget proposal tops $100 million in total spending for 2020

by Oct 1, 2019
Riverhead Supervisor Laura Jens-Smith has proposed a $100,390,400 total town operating budget for 2020, calling for a 2.76% spending increase and a 2.58% increase in the town-wide tax rate.

Board members discuss possible changes to supervisor’s budget

by Nov 6, 2018
The changes aired publicly at last week's work session are not incorporated into the preliminary budget set for a public hearing tomorrow afternoon.

As deadline to adopt 2018 budget looms, Giglio calls for budget changes and a special meeting Nov. 20

by Nov 17, 2017
Time is running out on the Riverhead Town Board’s opportunity to comply with N.Y. State Law and adopt an operating budget for the coming fiscal year.

Walter’s 2018 tentative budget calls for 1.63-percent town-wide tax rate increase

by Sep 28, 2017
The proposed spending plan would mean an “average increase of $45” to town taxpayers, according to Supervisor Sean Walter, who said the budget is balanced and fully funded.

Walter delivers 2017 budget calling for 4.19-percent tax rate hike — $96 per year on the ‘average’ $350,000 home

by Sep 29, 2016
Riverhead Town Supervisor Sean Walter delivered his 2017 town budget to the clerk and council members this morning and, as he told the board...