Board of Estimate and Taxation, May18, 2026

The Board of Estimate and Taxation (BET) of Greenwich held a regular meeting on May 18, 2026, focusing heavily on budgetary and procurement matters. Key procurement-related discussions included the approval of a $400,000 interim appropriation for the Affordable Housing Trust Fund to support ongoing and new affordable housing projects, with detailed updates on several development commitments and challenges. The BET also approved the use of $953,411 in Community Development Block Grant (CDBG) funds as recommended by the First Selectman, including $202,000 in reprogrammed funds. A significant portion of the meeting was devoted to the Central Middle School (CMS) construction project, where the BET approved a $6 million interim appropriation to supplement the existing $5.9 million owner's contingency fund, addressing unforeseen remediation and fire suppression costs. A condition was imposed requiring partial release of $1.6 million contingent on further reporting to ensure fiscal oversight. The meeting also included approval of tax mill rates for the general fund and sewer maintenance, acceptance of an internal audit report for Greenwich Public Schools, and discussions on policy updates related to budget encumbrances and capital projects. The BET emphasized fiscal prudence and transparency while supporting ongoing capital improvement projects and community development initiatives.