Greenwich has a $1.6B backlog in building projects. Its financial processes are to blame, report says.

The LWV, a nonpartisan nonprofit organization that promotes civic engagement, recently published a Capital Projects Funding Study which reported that the town’s historic policies and norms have meant low taxes for residents, but a slow building process that delays needed work. These projects tend to get more expensive over time, so delaying work ends up costing the town more money in the long run, the report said. There are nearly $1.6 billion in construction projects that Greenwich will need to undertake in the coming years, but the process for picking and executing the projects needs to improve, according to the report. The LWV gave a public presentation on the report online on July 25. Steve Waters, co-chair of the committee that drafted the study, said past practices have contributed to a huge wish list or backlog of work. Upgrades, like repairing schools, replacing infrastructure and more, becomes more costly over time, he said.

https://www.stamfordadvocate.com/news/article/greenwich-lwv-building-projects-backlog-18274329.php

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