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Village of Lowville to Hold Public Hearing April 15th
on Proposed $3.04M 2026/27 Budget
Published: April 14, 2026 at
06:30 a.m.
By: Nick Altmire
Lowville, NY- The Village
of Lowville Board of Trustees has scheduled a public hearing on the
Tentative 2026/27 budget during their monthly meeting on April 15, 2026 at 4:00 p.m. at the Municipal Building on
Bostwick Street.
The 2026/27
budget proposes a property tax rate of $8.819 per $1,000 of assessed property
value, a 10 percent decrease from the 2025/26 rate of $9.789 per $1,000 of assessed
value.
The tentative 2026/27
budget proposes $3,036,380 in expenditures, a $242,110 increase over the
$2,794,270 allocated in the 2025/26 budget. Notable line
item increases include:
·
The line item for legal expenses was increased from $60,000 in 2025/26 to
$118,000 for 2026/27, a $58,000 increase year-over-year. Officials say this
is a result of increased utilization of the Village Attorney.
·
The total budget for the Police Department is
increasing by $64,050, from $586,100 to $650,150. The increase is
attributed to the purchase of a new police vehicle.
·
The total budget for the Fire Department is
increasing from $86,400 to $116,800. The increase includes improvements to
the parking lot and engineering costs for roof repairs.
·
Additional budget increases for improvement projects
include a new AC unit, new LED lighting at the police station, and two new
trucks for the Department of Public Works.
The total amount
to be collected through real property taxes (tax levy) is proposed at $2,169,904
for 2026/27, up 4.0 percent over the $2,085,391 collected for 2025/26.
While the tax levy is increasing by 4.0 percent, exceeding the New York
State property tax cap limit allowed for the
village this year, the rate per $1,000 of assessed value will drop by 10
percent from $9.789 in 2025/26 to $8.819 for 2026/27. This is a result of
an increase in the total value of taxable property in the village from $212,817,906
in 2025/26 to $246,047,312 for 2026/27. Most residents will likely see a
slight increase to their village tax bills as many properties in the
village were reassessed at higher values, meaning although you are paying a
lower rate per $1,000 of assessed value, the increase in property value may
result in a larger tax payment compared to last year.
Currently the Village’s
fund balance sits at approximately $2.2 million. The 2026/27 fiscal year
for the Village begins on June 1, 2026.
The full 2026/27
general fund tentative budget document can be viewed in the link below, in
addition to links for the water and sewer fund budgets.
2026-27 Village
of Lowville Tentative General Fund Budget
2026-27 Village
of Lowville Tentative Water Fund Budget
2026-27 Village
of Lowville Tentative Sewer Fund Budget
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