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Nantucket leaders outline $252 million FY27 capital plan and warn of tax impacts
Summary
Select Board and staff presented the town’s recommended Fiscal 2027 operating and capital budgets — including $226M of potential capital projects and $159M of possible debt exclusions — and previewed tax‑impact estimates and a Jan. 14 public hearing on the FY27 budget.
The Select Board reviewed the town manager’s recommended Fiscal 2027 operating and capital budget on Dec. 17, with staff projecting recommended general fund and enterprise fund capital requests totaling about $252.3 million and pointing to room occupancy tax gains as a key revenue source.
Town Manager (speaker 4) and Finance Director (speaker 14) said the recommended general fund operating and capital package totals $170.3 million in projected expenditures and that the capital list includes major items such as Island Home, Somerset sewer work, school projects and town employee housing. The presentation…
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