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Commissioners adopt FY27 budget, approve beach-nourishment bonds and fund new EMS project
Summary
The Dare County Board unanimously adopted the FY27 budget, approved Series 2026A/B limited-obligation bonds to finance beach nourishment (closing scheduled mid-June), and approved a GMP for a new Nags Head EMS station as part of capital-improvement actions.
At its June 9 meeting the Dare County Board of Commissioners adopted the fiscal-year 2027 budget and approved multiple financing and capital actions tied to beach nourishment and emergency services.
The board held a public hearing on the manager’s proposed budget (no public speakers) and adopted the budget as presented. Finance staff noted a single technical revision to a previously planned water rate increase after a study reduced the need for an extra increase. The vote to adopt the FY27 budget was recorded as unanimous.
The board approved resolutions authorizing Series 2026A and Series 2026B limited-obligation bond issuances to fund beach-nourishment projects and related costs. Matt (finance) told the board the closed deal would proceed after Local Government Commission (LGC) signoff in mid-June; the bonds will be privately placed and use county collateral according to the financing plan.
The board also approved a capital project ordinance amendment and a guaranteed-maximum-price (GMP) contract for the Nags Head EMS station with Barnhill Construction. The GMP is $10,692,212 and the total project budget (including fees and issuance costs) is roughly $13.18 million; the county manager was authorized to sign the contract. Commissioners voted unanimously on the capital ordinances and contract approvals.
Other CIP actions approved at the meeting included reallocating borrowing savings from earlier phases to fund EMS land costs and adopting the county five-year Capital Improvement Plan, which schedules additional public-works and EMS investments over the next five years.
Staff also reported that FEMA has moved a large beach-nourishment reimbursement package into obligation with the federal government; that funding (roughly $30 million) is expected to be passed to the state and used to reimburse the county after project completion.
All financing and capital measures were approved with unanimous recorded votes on June 9.
