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Rye Brook presents tentative FY2026-27 budget; public hearing opened and closed
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Summary
Village Administrator Chris Bradbury presented the tentative FY2026-27 budget highlighting a $2M capital program, a roughly 2.45% levy increase and being under the state tax cap by about $5,300; the board opened and closed the public hearing and will vote on final budget at the next meeting.
The Rye Brook Village Board on April 14 received a full presentation of the tentative FY2026-27 budget and formally opened and closed the public hearing; a final vote on the budget is scheduled for the board's next meeting.
Village Administrator Chris Bradbury described a months-long budget process, the use of a digital budget book and four guiding goals: keep taxes low, provide quality services, reinvest in infrastructure, and maintain financial strength. He said the village proposes a capital program of about $2 million covering 17 projects and outlined major spending drivers including personnel and retirement costs.
Bradbury told trustees that total assessed value in the village rose by roughly 5% year over year and that the tentative levy increase is approximately 2.45%, leaving the village about $5,300 below the state-imposed tax cap. He emphasized revenue uncertainty (mortgage tax and interest earnings) and listed several grant-dependent projects where federal funding remains delayed, including a sanitary sewer project for which CDBG funds are pending.
Bradbury highlighted long-term pension pressures: employer retirement costs for the municipality have risen substantially and are a material budget driver. He also described alternative revenue sources such as a cell-tower lease and compost-site lease that help offset tax pressure.
The board opened and closed the public hearing on the tentative budget at the meeting; no substantive public comment was recorded during that portion of the session. Trustees will vote on the final budget at the next regular meeting. Budget backup materials and the digital budget book were made available on the village website for residents seeking line-item detail.
"This is a very tight budget," Mayor Klein said, noting the village remains under the tax cap. Bradbury added that staff will continue to monitor grant timing and other revenue drivers before the final vote.
