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Northport allows itself to exceed tax cap
The Northport Village board of trustees voted Tuesday to give itself permission to exceed the state’s 2 percent tax levy cap as a precautionary measure as it heads into the budget season.
“This is really a prudent measure. ... It doesn’t mean this village is going to exceed a 2 percent increase,” Deputy Mayor Henry Tobin said.
Village officials started meeting this week to begin work on next year’s budget, so they haven’t proposed a figure yet. But in order to pierce the cap and not suffer any state penalties, municipalities have to vote to allow themselves to do so before approving a budget with the increase.
The village voted last year to exceed the cap and later adopted a budget that stayed within the 2 percent increase.
The 2 percent cap doesn’t apply to the tax rate, but the tax levy, which is the total amount of property taxes collected by the village, Tobin said. Before voting Tuesday, the board held a public hearing on the matter.