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Valley Stream adopts $52.36 million FY27 budget; board votes to override tax cap
Summary
The Village of Valley Stream Board of Trustees on April 13 adopted a FY27 budget with a general fund total listed as $52,360,216 after the treasurer read amendments reducing several line items; the resolution passed on a 4–0–1 roll call with one abstention.
The Village of Valley Stream Board of Trustees adopted its FY27 budget on April 13, approving Resolution 072-26 after Treasurer Mr. Fox read amendments that, he said, reduced the tax rate on the cover page and trimmed several personnel and benefit line items.
Mr. Fox told the hearing the revised tentative budget lists a general fund total of $52,360,216. He read reductions he said produced that figure: purchasing department personal services were lowered to $95,758; Traffic Enforcement Bureau personal services to $2,022; and workers’ compensation to $900,000. The treasurer read the tax-rate figure aloud in the hearing record as “5823 per $100 of assessed valuation.” The budget summary itself lists the totals above and was read into the record by Mr. Fox.
The board moved and seconded adoption of Resolution 072-26. On roll call for the adoption vote, Trustee Tupperelli voted yes, Trustee Thomas yes, Trustee WAC yes, Trustee Daly abstained, and Mayor F. voted yes. The adoption vote therefore carried with four yes votes and one abstention. A subsequent motion to post the budget carried on a unanimous roll call.
The treasurer and staff also told residents that some line items described as “professional services – auditors” combine a set of financial costs, including auditors, bond counsel and outside financial analysis. The board said some one-time proceeds from property sales are included in the FY27 plan: officials discussed anticipated receipts tied to the sale or redevelopment of Parking Lot 26, noting the village is planning to use $2 million in this budget year and place the remainder into reserves as sales close.
At the public hearing several residents urged caution about piercing the state tax cap and highlighted pressure on households from rising utility, health-care and storm-related costs; trustees responded that the vote to exceed the statutory cap (used in some jurisdictions) reflected choices to fund essential services and storm response and that every year’s vote is decided separately.
Next steps: the budget as adopted will be posted and implemented for the coming fiscal year; trustees said staff will provide requested follow-up materials (auditor documents, detailed staffing and benefits breakdowns and specific pool‑fee figures) before the hearing record closes.
