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Finance committee reopens and unanimously backs revised Article 10 totaling $32.14 million
Summary
The Nantucket County Finance Committee voted unanimously to reopen and recommend Article 10, a revised warrant article that appropriates $32,139,146 for general fund capital projects including a $2 million property acquisition and $1,275,496 for Surfside-area road reconstruction.
The Nantucket County Finance Committee voted unanimously Thursday to reopen and recommend approval of Article 10, a revised annual town-meeting warrant article that would appropriate $32,139,146 for general fund capital expenditures, including a $2,000,000 draw from the sale-of-real-estate account for a property acquisition and $1,275,496 for Surfside-area road reconstruction and transportation improvements.
The recommendation matters because the article bundles multiple capital projects and a borrowing authorization that affect the town’s near-term borrowing needs and could be partly contingent on a ballot question to raise the tax levy for capital purposes. Brian, a staff member presenting the article changes, told the committee the revisions add the Surfside…
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