March 26, 2026
Dear Neighbors:
I am pleased to share the tentative budget and supporting documents for the fiscal year ending May 31, 2027. The proposed budget includes a 1.95% increase in Village taxes, with a total tax levy of $1,936,615. This is $28,117 below the New York State 2% tax cap.
Over the past 14 years during my tenure as Mayor, the Village has had an average annual tax increase of just 1.11% and has never exceeded the NYS 2% tax cap. In seven of those years, there was no tax increase. By comparison, several Long Island municipalities have exceeded the tax cap in recent years.
The Village remains in a strong financial position, with a healthy cash balance and well-funded reserves. For the past 10 years, the New York State Office of the State Comptroller has awarded Asharoken its highest fiscal stress rating: "No Designation."
This year's modest tax increase reflects higher costs driven by contractual obligations, externally set expenses, and general inflation. While we pursued cost savings and revenue opportunities, these increased expenses could not be fully offset. However, growth in the Village's assessment roll due to recent construction has helped lower the tax rate. The proposed budget maintains all current services and continues to fund future needs.
I thank Village Clerk Michelle Glennon and Treasurer Emily Hayes for their work in preparing this budget. Michelle's diligence and Emily's extensive experience helped ensure a practical and fiscally responsible plan.
A public hearing will be held during the regular Board Meeting on April 7th at 6:30pm at Village Hall. You may submit comments or questions in advance by email to
gletica@asharokenny.org or speak at the meeting. All submitted comments will be addressed and included in the official record.
Tentative Budget Packet for the fiscal year ending 5/31/2027:
A copy is also available for insection at Village Hall.
Sincerely,
Mayor Dr. Gregory Letica
Asharoken Village Hall
