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Committee approves enterprise fund budgets; island home financing shows $5.5M transfer from general fund
Summary
The finance committee recommended enterprise fund appropriations March 11, adding $600,000 in permanent sewer debt for the South Valley Pump Station and noting a $5,519,064 transfer from the general fund to subsidize the Island Home.
The Nantucket Finance Committee voted March 11 to recommend the fiscal 2026 enterprise fund operating budgets, approving changes tied to permanent debt sales for sewer work and clarifying the structure of financing for the Island Home long-term care facility.
Brian, finance staff, told the committee the committee's earlier meeting had presented airport, Island Home, solid waste, stormwater and water department budgets with no changes; the single change incorporated on March 11 was $600,000 in permanent debt financing added to the sewer budget to cover the South Valley Pump Station and CMOM (Capacity, Management, Operation and Maintenance) programs. "We did sell some…
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