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Finance committee backs $140.6 million general fund operating budget, adds $2.4M from recent debt sale
Summary
The Nantucket Finance Committee voted unanimously to recommend the town's fiscal 2026 general fund operating budget of $140,613,890, reflecting a late debt sale that added roughly $2.4 million in principal and interest for affordable housing and sidewalk projects.
The Nantucket Finance Committee voted unanimously March 11 to recommend the town's fiscal 2026 general fund operating budget of $140,613,890, including a last-minute debt sale that added about $2,400,000 in principal and interest to the funding plan.
The recommended motion would raise and appropriate $133,268,827 from the fiscal 2026 tax levy and other general revenues; transfer $516,000 from certified free cash for one-time operating expenses (noted in the meeting as $216,000 for town-side one-time expenses and $300,000 for the schools); and transfer $6,829,063 from fiscal 2026 revenues to the Affordable Housing Trust Fund. The…
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