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The Audit & Finance Committee advanced the proposed FY 2026-27 Port Chester Local Development Corporation budget to the full board without opposition. The draft lists total revenues and financing sources of $91,790 and includes a projected $25,000 annual allocation from Industrial Development Agency closing fees beginning in FY 2026-27.
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The committee recommended that the full Local Development Corporation board consider the draft budget for the fiscal year beginning June 1, 2026. The proposal includes $91,790 in base service-fee revenue and projects an additional $25,000 each year from closing-fee allocations. Members also reviewed a draft application for nonprofit financial assistance, but the minutes do not record a decision on that application.
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