Cold Spring trustees present $5.59M tentative FY27 budget, cite 3.7% levy increase within state cap

The Village of Cold Spring Board of Trustees opened a public hearing on the tentative fiscal year 2027 budget, presenting a combined spending plan of $5,594,246 across the general, water and wastewater funds. Mayor Foley told residents the village followed New York State timelines and that the proposed levy increase—calculated under the state's formula including a growth factor and exclusions—stays within the allowable cap at about 3.7 percent.