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East Hampton Board of Finance reviews FY26 figures, tables $1.3M fire truck request
Summary
The board reviewed FY26 revenue and expenditure reports, accepted copies of the FY25 ACFR and Federal & State single audits, set FY27 budget dates and heard liaison reports on the State Housing bill, water/sewer planning and economic development. A $1.3 million fire truck request was tabled pending cheaper options.
East Hampton — At its Jan. 20, 2026 meeting, the Board of Finance reviewed year-to-date FY26 revenue and expenditure figures, received the FY25 Annual Comprehensive Financial Report and Federal & State single audits, and set the FY27 budget calendar.
Chairman Anthony Spagnoletti said the board will shift focus from opposing to preparing for enforcement of a recently passed State Housing bill; the transcript does not specify the statute or regulatory citation for that bill. Director of Finance Jeffery Jylkka distributed hard copies of the FY25 ACFR and the Federal & State single audits and presented YTD revenue and expenditure numbers in a new format that compares FY23–FY25 results. Jylkka highlighted departments likely to return funds because of position vacancies and flagged electrical anomalies that are being investigated as part of a solar field maintenance review. Jylkka said he will continue to evaluate options for historical comparison reporting.
The board reviewed the FY27 budget calendar and workshop schedule. Chairman Spagnoletti requested moving the March 25 deliberation meeting to March 26; no members objected. Member David Caterisano noted a potential conflict with the March 17 workshop 4:00 p.m. start time but did not request a different time.
Liaison reports covered multiple town committees. Daniel Finn said Board of Education meetings are focused on the BOE budget; the BOE is monitoring the potential for one to two special education outplacements. Ted Turner reported for the Economic Development Commission that the town is roughly 92% residential and 8% business, a figure he provided without specifying the data source or timeframe, and said the EDC is balancing business growth goals with water supply constraints and some resident opposition. Spagnoletti also reported a recent land purchase in Portland tied to water and sewer supply identification and said the town is tabling a proposed blight ordinance to review language.
Fire Commission liaison James Radavich reported several items: a $1.3 million fire truck request has been removed from the Capital Plan while the commission seeks less expensive alternatives; two new firefighters have been hired and two current firefighters will attend EMT training; dry hydrant maintenance is planned for spring; RFPs are being received for firehouse renovation options; and Town Planner Mr. Cox will meet with the commission to assess location options. Radavich said the commission expects to present a plan to Town Council by summer.
Members of the Capital Committee said after four meetings a plan is in place that is largely flat compared with last year; both Turner and Caterisano expressed concern that the flat plan may indicate lack of progress and suggested creating a sinking fund and holding meetings throughout the year to track capital progress.
Procedural business included three recorded motions: Ms. Alison Walck moved to adopt the agenda (seconded by Mr. James Radavich), the board approved the Nov. 17 minutes (motion by Ms. Walck, seconded by Mr. Turner) and the meeting was adjourned on a motion by Ms. Walck seconded by Mr. Radavich. Each motion passed by a 7-0 vote.
The board had no public remarks at either public comment period. The meeting convened at 7:00 p.m. and adjourned at 7:53 p.m. The recording secretary is Renee Bafumi.
