The Northport Village Council approved its fiscal year 2026-27 general fund budget totaling $861,750, as well as its property tax rate, at its regular meeting on June 18.
The proposed 2026-27 general fund budget begins July 1, the start of the new fiscal year, and the proposed operating millage to support the budget is 7.7693 mills. The resolution to adopt the new budget states that although the proposed millage rate is lower than the prior year’s rate of 7.7990 mills, the increase in taxable value is expected to result in an increase in property tax revenue.
Within the village’s general fund draft budget, approximately $861,750 is anticipated in revenue, with the majority of those funds, $625,000, coming from property taxes and $20,000 from personal property tax. State shared revenues are $53,000, and short-term rental fees make up $11,000. Other significant revenue sources in the general fund come from the marijuana tax, approximately $55,000, as well as golf course revenues totaling $20,000.
