CommitteeGreenwich

Board of Estimate & Taxation Investment Advisory Committee

Track committee activity, current roster, and published meeting coverage for Board of Estimate & Taxation Investment Advisory Committee in Greenwich.

0 active membersLast meeting Jul 23, 20267 summaries in 30d

Summaries

Active roster

Latest activity

Aug 20, 2026

Municipality

Greenwich

Latest coverage

Committee Recommends Two OPEB Board Appointments

Published Aug 20, 2026

Related summaries

Published meeting coverage connected to Board of Estimate & Taxation Investment Advisory Committee.

Briefing

Jun 18, 2026

Investment strategy vote postponed for review

The committee postponed a vote on changes to the OPEB investment strategy until July, while members considered adding 5% to 10% in non-correlated assets and reducing active management. As of May 31, the portfolio was 72.1% equities and 27.9% fixed income.

2 min readMunicipal coverage

Briefing

May 14, 2026

Committee reviews OPEB investment performance

The Town of Greenwich’s OPEB portfolio earned $4.2 million, or 6.78% net of fees, in April but lagged its policy benchmark by 47 basis points. The committee directed the treasurer to raise concerns with Morgan Stanley about underperforming actively managed funds and agreed to continue examining broader, less-correlated investment options.

2 min readMunicipal coverage

Briefing

Apr 23, 2026

Town Retiree Benefits Investments Reviewed

The committee reviewed market conditions and the OPEB trust’s investment strategy, including a Morgan Stanley forecast for two federal rate cuts in 2026. Members also agreed to edit investment-advisory sections of the BET Reference Book offline and seek approval at the May meeting.

1 min readMunicipal coverage

Briefing

Mar 12, 2026

Committee Presses for OPEB Investment Changes

The committee will give Morgan Stanley more time but recommend faster portfolio changes and monitor its performance closely after the OPEB portfolio underperformed its policy benchmark: fiscal-year-to-date returns were 10.41% versus 12.48%.

2 min readMunicipal coverage

Briefing

Mar 3, 2026

Investment Committee Reviews Short-Term Fund

The committee conducted due diligence on the Connecticut Short Term Investment Fund, where about 70% of Greenwich’s cash was invested as of January 31, 2026. Members reviewed the fund’s portfolio, investment rules, fees, risk controls, and management practices, and expressed confidence in the safety of the investments.

1 min readMunicipal coverage

Briefing

Feb 20, 2026

Committee Recommends $6 Million Interest Income

The committee voted 4-0 to recommend budgeting $6 million in General Fund interest income for fiscal year 2027, up from the $5 million figure discussed. Members also agreed to continue monitoring the OPEB portfolio manager and to take a deeper look at the Connecticut Short-Term Investment Fund.

1 min readMunicipal coverage

Briefing

Jan 21, 2026

Committee Recommends Two OPEB Board Appointments

The Investment Advisory Committee voted 4-0 to recommend Sally Bednar and Elliot Alchek for vacancies on the Other Post-Employment Benefits Trust Board. The committee also reviewed Greenwich’s cash position, including a $175.4 million General Fund balance and $326.2 million in total cash including OPEB funds but excluding Retirement.

2 min readMunicipal coverage