The Village of Manorhaven voted to adopt a budget of $5.17 million for 2023-2024 at its board of trustees meeting Wednesday evening.
The budget of $5,177,498 is increasing by $274,030 from the 2022-2023 budget of $4,903,468. This is a 5.6% increase from budget to budget.
The budget’s tax levy of $3,509,147 for 2023-24 is a 2% tax increase. The tax levy for the current 2022-23 budget is $3,440,340. Real property tax revenues are projected to rise by nearly $69,000.
The village’s total revenues from property taxes and tax items are $3,527,354, a 2% increase from the 2023-2024 total of $3,457,407. Total revenues from property taxes and tax items include real property taxes, payments in lieu of taxes and “penalties & int-real prop,” (real estate holdings belonging or leased by Intel), according to the village’s budget documents.
The village is projecting total income of $5.17 million, amounting to the same dollar amount to be spent by the village for the upcoming fiscal year. This is greater than the projected revenue of $4.73 million at the end of the current fiscal year on May 31 and the actual revenue of $4 million as of Nov. 30.
Budget-to-budget income increases for the village include a 72.4% increase in the total use of money and property, a 209.3% increase in total licenses and permits and a 13.5% increase in state aid.
Manorhaven projected revenue of $87,000 for the total use of money and property, expected to amount to revenue of $109,236 by the end of the 2022-2023 fiscal year. For the new budget, the village anticipates revenue of $150,000.
Licenses and permits revenues are projected to amount to $706,400 in 2023-2024, a steep increase from the previous budget of $228,375 and the projected revenue of $271,379 by May 31, the end of the current fiscal year. Much of the increase is attributed to an increase in revenues from rental registration fees, which is jumping from $118,375 to $538,000.
In 2022-2023, Manorhaven received $229,336 in state aid and will receive $260,471 in 2023-2023, according to budget documents.
For expenses, the village is projecting a 13.4% decrease for staff, a 25.2% increase for finance, a 35% increase for shared services and a 66.6% decrease for the general environment.
At Wednesday’s meeting, the board also voted in effect for an amendment to its local law regulating rental units.
The amendment now requires a permit to be issued by the village’s building superintendent before a rental unit is listed, solicited, advertised or offered to be shown. It also prohibits properties from being rented for a time period of less than six months.
The village resolution states that the intent of the amendment is to “protect the safety, health and welfare of the residents as well as the inhabitants of the short term rental units.”
The board will convene again on May 3 for its work session and again on May 24 for the next board of trustees meeting.