Summary

Board Approves FY 2026-27 Budget

GreenwichMar 31, 20262 min read

At a glance

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The Board approved a $540.4 million FY 2026-27 General Fund operating budget after adjustments, with $526.8 million in projected revenues. It also approved, with release conditions, $41.2 million for Hamill Rink improvements and $4 million for the Byram River Bridge Project.

Projects mentioned

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Roger Sherman Baldwin Park Redevelopment

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Board of Estimate & Taxation Regular Meeting

Topics discussed

TransportationBudget & TaxEducationUtilities

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What this means

Greenwich’s approved budget includes changes to healthcare costs, building-permit revenue, school-related revenues, and employee compensation. Major capital funding will be released only after specified planning, legal, reporting, or fundraising requirements are met. The Board also conditioned portions of contributions to TAG and GEMS on receiving mid-year operating and financial reports.

Key decisions

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Approved the FY 2026-27 budget, including a $540,404,569 General Fund operating budget and $526,792,929 in projected General Fund revenues after adjustments.
Conditioned $154,000 of the $308,000 contribution to TAG on receipt and acceptance of a written mid-year operations and financial performance report.
Conditioned $2,506,468 of the $5,012,936 contribution to GEMS on receipt and acceptance of a written mid-year operations and financial performance report.
Approved healthcare budget adjustments reducing healthcare insurance spending by $1,111,510 and increasing the employee health premium contribution account by $933,000.
Approved a 2.75% compensation increase for M&C employees, with the minutes noting that the budget already included a 2.5% increase.
Approved revenue changes including a $250,000 increase in projected building-permit revenue, reductions to two school grants, and increases in out-of-district and pre-kindergarten tuition revenue.
Conditioned the $4 million Byram River Bridge Project appropriation on legal agreements and documentation capping Greenwich’s contribution at 25% of total project costs or $10 million, whichever is less.
Conditioned the $41.2 million Hamill Rink Facility Improvements appropriation on specified planning, operating, and fundraising conditions.
Conditioned $100,000 of the $250,000 Roger Sherman Baldwin Park Redevelopment appropriation on a Parks and Trees building relocation status report.
Adjusted the Holly Hill Transfer Station Master Plan capital funding schedule to $6 million in FY 2027-28 and $12.5 million in FY 2028-29, with no listed appropriations in the following three fiscal years.
Conditioned $2.4 million for the Greenwich High School campus pool, courts, and egress project, with initial funding tied to reaching the Municipal Improvement approval stage.

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