Board of Estimate & Taxati0n, June 22, 2026

The Board of Estimate & Taxation meeting for Greenwich Community Television on June 22, 2026, focused on several key financial and procurement-related topics. The assessor presented updates on tax credits and appeals, noting a significant number of repeat commercial and residential tax appeals involving over $2 billion in fair market value. The board approved routine budget adjustments and capital carry forwards totaling several hundred thousand dollars, including projects for the Greenwich Library, Conservation Commission, and public works. The controller reported on year-end financial preparations, cash balances, and the status of American Rescue Plan Act (ARPA) funds, highlighting $31 million spent or encumbered with remaining funds allocated to sewer projects. The meeting also included the establishment of a new debt and fund balance policy committee to oversee long-term capital planning and debt issuance. Additionally, the board moved forward with a Management and Compensation (MNC) study by approving the process to solicit RFPs. Finally, the board approved updates to the BET reference manual to codify policies and procedures, aiming to improve governance and oversight. Motions related to budget approvals, committee formations, and policy updates were unanimously passed during the meeting.