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The committee heard that extending Greenwich’s general fund debt amortization cap from 5 to 10 years would not negatively affect the Town’s AAA credit rating. Members generally agreed the Town has flexibility to adjust its debt policy as capital needs grow, but no policy change was adopted.
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Greenwich is considering whether to spread some debt payments over a longer period as capital needs increase. The financial advisor said a 10-year amortization cap could be justified without harming the Town’s AAA credit rating. The committee will continue reviewing the options before considering any formal policy change.
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