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Northport staff present draft 2026–27 budget; marina studies and water-rate review highlighted
Summary
Village staff told trustees at the June 4 work session that taxable value rose about 3.5% this year, producing modest revenue increases; highlighted line items include two marina-related studies (~$95,000 and $80,000), a $30,000 master-plan allocation, a $90,000 general-fund transfer to the water fund, and a planned public hearing on June 18 for budget adoption.
Village staff walked trustees through key points in the draft fiscal-year 2026–27 budget at the June 4 Northport work session, emphasizing modest revenue growth and a handful of capital priorities.
Staff said total taxable value in the village rose roughly 3.5 percent this year, which the presenter characterized as modest relative to recent larger gains and said the increase produces only limited new general-fund revenue. The presenter told trustees that short-term-rental registration and recent fee-schedule changes together account for roughly $12,000 in additional general-fund revenue in the draft.
On capital projects, staff identified two marina-related line items that together were discussed as preliminary estimates: a preliminary engineering study for marina expansion (cited in the meeting at approximately $95,000) and repair work for break-wall voids (cited at roughly $80,000). Staff emphasized those figures are estimates and that the council should expect more precise numbers if and when the council authorizes the work.
The water fund discussion noted proposed line items including meter replacements, a rate study and tank cleaning; the draft assumed a 20 percent water-rate increase for planning purposes and showed a reduced transfer from the general fund to the water fund (discussed as $90,000 versus $110,000 last year). Staff also said the sewer fund currently holds cash on hand (cited by staff as more than $700,000) that can be invested for interest.
Other items: the planning commission requested a master-plan update and staff included a $30,000 allocation to complete that work with an outside consultant; the attainable-housing ordinance amendment was characterized as an administrative clean-up that will be returned to the council when finalized.
Next steps: the council scheduled a public hearing on the budget for June 18; staff indicated the council can adopt the budget after the hearing pending any further changes.
