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Greenport Village adopts $10.6M budget

05/05/2019 5:59 AM |

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.

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