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Greenwich leaders are patting themselves on the back for setting the mill rate at 10.125 — bragging it's still the lowest in Connecticut. Residents about to open their July tax bills know better.
The new budget delivers a 5.4% tax levy increase — well above inflation — fueled by nearly $100 million in capital spending and over $1 billion in looming infrastructure backlog. While officials tout the low rate, homeowners are left holding the bag.
Commercial properties, hammered by vacancies, aren't pulling their weight. That forces a massive tax shift onto residential and condo owners. The residential sector saw a 28.37% assessment jump, far outpacing the overall Grand List. Result?
High property values in Greenwich already mean some of the highest per-capita taxes in the state. A "record low" mill rate offers zero comfort when your actual bill spikes.
The hard truth: out-of-control spending and a shrinking commercial base are quietly hammering family budgets. When those tax bills hit mailboxes, no amount of political spin about being "lowest in the state" will soften the blow.
GreenwichWise hit the nail on the head.
It's time for residents to demand fiscal restraint before the next revaluation cycle makes it even worse!
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The Republicans are blaming our imminent tax increases on the Democrats. Yet they voted unanimously for the budget! What leverage did the Democrat BET members hold over the Republicans to secure those lockstep votes—or are these Republican BET’s just the uniparty RINOs we were afraid of? That’s the real story.