Two weeks after Greenwich’s new $542 million budget took effect, the town’s finance officials are turning their attention to what comes next: a planned January 2027 bond sale.

The Board of Estimate and Taxation’s Debt and Fund Balance Policy Committee will meet Wednesday, July 15, at 10 a.m. at Town Hall to begin discussing possible terms for the borrowing. The meeting is open to the public in person and online.

No vote is scheduled Wednesday. The committee is expected to consider a formal vote on bond terms at its Sept. 16 meeting.

The meeting comes as residents begin feeling the impact of the FY2027 budget, which raised the mill rate by 4.6%. Combined with a state-required property revaluation, the Greenwich Republican Town Committee has estimated average tax bills rose about 8%, with some homeowners seeing larger increases.

The approved budget includes $92 million in capital spending, more than double the previous year’s amount. A major driver is $41.2 million set aside for a new Dorothy Hamill ice skating rink.

The Representative Town Meeting approved the final $542.3 million spending plan in May.

Beyond bond planning, members are expected to review updates to the town’s long-term financial model, discuss financial policy guidelines and review the committee’s formal charge for the BET Reference Manual.

The committee will also approve minutes from its June 17 meeting.

The Debt and Fund Balance Policy Committee plays a key role in shaping Greenwich’s borrowing strategy, including how much debt the town takes on and how it manages financial reserves.

The meeting begins at 10 a.m. Wednesday, July 15, at Greenwich Town Hall, 101 Field Point Road.

Residents can also join by Zoom:
Meeting ID: 840 2174 4733
Passcode: 5077553

Phone: +1 646-518-9805

The committee’s next scheduled meeting is Wednesday, Sept. 16, when members are expected to vote on terms for the January bond issuance.