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Finance committee sets revolving fund caps, raises airport fuel limit to $8.5 million and adds EV charging fund
Summary
The Nantucket Finance Committee approved Article 4 setting limits on a suite of revolving funds — including an increase to the airport fuel fund cap and creation of an electric‑vehicle charging station fund — to meet next year’s operating needs and create new fee‑supported accounts.
The Nantucket Finance Committee on March 3 voted to adopt updated spending limits across a bundle of municipal revolving funds, including an increase in the airport fuel fund and establishment of a new electric vehicle charging station account.
CFO Brian Turbert presented the Article 4 recommendations, saying the committee should set explicit maximums so departments can manage programs without returning for repeated approvals. "We're recommending 8 and a half million dollars" for the airport fuel revolving fund to cover fuel purchases through the fiscal year, Turbert said. He also…
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