Greenport Village adopts $10.6M budget
The $10.6 million Greenport Village budget for 2019-20 will raise tax rates by 2.09%.
The budget, which fits under state’s 2% limit on tax levy increases, according to the mayor, was unanimously approved last Thursday evening.
The $10.6 million represents a spending increase $375,720, or 3.66%.
The tax levy increase proposed for 2019-20 is 3.83 percent, which is permitted thanks to exemptions allowed by the state, such as tax base growth. As a result, officials said, the budget does not pierce the cap.
The proposed budget includes about $91,000 in debt service for road improvement projects.
- Prior coverage: Village unveils tentative budget