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Select Board raises airport fuel revolving fund cap to $8.5 million
Summary
The Select Board approved increasing the fiscal year cap on the Nantucket Memorial Airport fuel revolving fund from $6 million to $8.5 million after staff reported projected fuel costs and a Finance Committee endorsement.
The Town of Nantucket Select Board on May 14 approved raising the fiscal‑year cap on the Nantucket Memorial Airport fuel revolving fund from $6,000,000 to $8,500,000 to cover projected fuel purchases and operational needs.
Brian Turbot, finance director, told the board that the airport had authorized $6 million at annual town meeting for fiscal 2025 but that projected fuel costs for the remainder of…
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