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Farmingdale adopts $4.78 million 2025–2026 budget with 3.27% tax increase
Summary
The Board adopted a net 2025–2026 budget of $4,776,337 with a 3.27% tax levy increase and certified homestead and non-homestead tax rates. The budget appropriates $275,000 of unrestricted surplus and $70,000 to reserve for debt.
The Village of Farmingdale Board of Trustees adopted the 2025–2026 general fund budget at its April 14 work session, approving a net budget of $4,776,337 and a total tax levy of $4,431,337 — a 3.27% increase over the prior year. The board certified homestead and non-homestead base proportions (65.8928% homestead; 34.1072% non-homestead) and set corresponding tax rates of $2.295677 per $1,000 assessed value for homestead and $4.401775 per $1,000 for non-homestead properties.
The adopted budget includes appropriations of $275,000 from unrestricted surplus and $70,000 to a Reserve for Debt. During the session the board approved deleting $51,500 from four identified budget lines (RESOLVED #2025-04-17) prior to adoption. The minutes record that these steps were part of a compromise reflecting short-, mid- and long-term fiscal considerations for both the General Fund and the Water Fund.
