Learn about Town of Barnstable including our News & Press Releases, Projects, and Team.
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Learn about Town of Barnstable including our News & Press Releases, Projects, and Team.
About Town of Barnstable
- Population as of 4/1/2022
- 48,916
- Bond Ratings
- AAA
- FY2026 Budget
- $273,333,931
Centrally located in the heart of the Cape Cod peninsula, the Town of Barnstable is the region’s ‘Hub’ for commerce, transportation, healthcare and education.
Home to the Cape’s airport, the Regional Transportation Center for bus and rail travel, plus two ferry terminals, Barnstable truly is the gateway to all of Cape Cod and the islands of Nantucket and Martha’s Vineyard.
Established in 1639, historic Barnstable is surrounded by the waters of Cape Cod Bay to the north and Nantucket Sound to the South, and is comprised of seven villages: Barnstable, Centerville, Cotuit, Hyannis, Marstons Mills, Osterville, and West Barnstable, each with unique cultural and historical qualities.
Barnstable offers a plethora of rich natural resources: host to 15 beaches, working and scenic harbors, conservation lands, biking/hiking trails, two municipal golf course, fishing and shellfishing, fresh water ponds and streams, historic properties and landmarks. For locals and visitors alike, wherever you turn you are surrounded by a quality of life unmatched by any other.
Barnstable has both the Cape’s largest year-round (45,000) and a summer seasonal population (150,000). It is also within close proximity to Boston, Massachusetts and Providence, Rhode Island (1 hour); Hartford, Connecticut (2 hours); New York (4 hours) and easy driving distance for the entire Northeast Corridor. Vehicle traffic over the bridges in the summer averages over 125,000 cars per day.
The village of Hyannis is the center of commercial activity not only for the Town of Barnstable but for the entire Cape region. The Cape’s only major enclosed mall is located in Hyannis along with a large number of national chain stores and restaurants. Alternatively, downtown Hyannis offers an ambiance well suited to unique locally-owned specialty shops, artist galleries, restaurants and bistros. Cape Cod Hospital is also located in Hyannis and Cape Cod Health Care is the largest employer in the town and region.
This ambiance is also found in the other village centers of Barnstable as well. While smaller in scale than Hyannis, they feature a quaint, historic, seaside charm that is prevalent in this area.
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News
Barnstable, Massachusetts — The Town of Barnstable, Massachusetts priced $24,040,000 in General Obligation Municipal Purpose Loan of 2026 Bonds on February 10, 2026, through a competitive sale. The bonds were sold as new money and will mature serially from February 15, 2027 through February 15, 2046. Delivery is expected on or about February 26, 2026.
Proceeds from the offering will fund a broad portfolio of 24 capital improvement projects across town facilities, schools, and infrastructure. Major projects include a $3,000,000 High School Performing Arts Center upgrade, $3,000,000 in Oyster Harbor Bridge improvements, $1,663,000 in mechanical improvements to the Hyannis Youth & Community Center, $1,505,000 for the Hyannis Golf Course Club House restoration, and a $1,455,745 Hawes Avenue Culvert reconstruction. Additional proceeds will fund school facility upgrades including an Intermediate School rooftop unit replacement ($2,100,000), High School Culinary Kitchen Phase 2 ($550,000), and district-wide mechanical and HVAC repairs across multiple school buildings. The bonds are backed by the full faith and credit of the Town, with principal and interest payable from taxes levied on all taxable property in the Town, subject to the limitation imposed by Chapter 59, Section 21C of the Massachusetts General Laws.
The bonds carry coupons ranging from 4.00% to 5.00%, with yields ranging from 1.850% in 2027 to 4.020% in 2046. Bonds maturing on and after February 15, 2036 are subject to optional redemption on and after February 15, 2035 at par. The offering was sold on a lowest True Interest Cost (TIC) basis.
Huntington Securities, Inc. served as the winning bidder and purchaser of the bonds. Hilltop Securities Inc., Boston, Massachusetts, served as Municipal Advisor to the Town. Troutman Pepper Locke LLP, Boston, Massachusetts, served as Bond Counsel.
The bonds are rated AAA by S&P Global Ratings.
Sean O’Brien, Town Treasurer, announced that the Town received competitive bids from bond underwriters on Tuesday, May 6, 2025, for a $5,435,000, 20-year general obligation bond issue. FHN Financial Capital Markets was the winning bidder on the Bonds with an average interest rate of 3.662%. The Town received a total of 8 bids on the Bonds. Bond proceeds will be used to finance various municipal projects.
Prior to the sale, S&P Global Ratings, a municipal bond credit rating agency, affirmed the Town’s ‘AAA’ bond rating, the highest rating attainable. The rating agency cited the Town’s robust tax base growth and economic development, long history of surplus financial results and strong budgetary performance as positive credit factors.
The bids for the Bonds were accepted at the offices of the Town’s Municipal Advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts.
For Further Information, Contact:
Sean O’Brien
Town Treasurer
230 South Street
Hyannis, MA 02601
Tel: (508) 862-4653
(HYANNIS, MA – March 9, 2023) Sean O’Brien, Town Treasurer, announced that the Town of Barnstable received competitive bids from bond underwriters on Wednesday, March 8, 2023, for a $14,550,000, 20-year general obligation bond issue. Janney Montgomery Scott LLC was the winning bidder on the Bonds with an average interest rate of 3.25%. The Town received a total of ten (10) bids on the Bonds. Bond proceeds will be used to finance various municipal projects.
Prior to the sale, S&P Global Ratings, a municipal bond credit rating agency, affirmed the Town’s ‘AAA’ bond rating, the highest rating attainable. The rating agency cited the Town’s strong wealth and income indicators, comprehensive set of formalized financial policies and practices, history of strong financial performance with maintenance of very strong reserves, low overall debt and contingent liability profile, and strong institutional framework as positive credit factors.
The bids for the Bonds were accepted at the offices of the Town’s Financial Advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts.
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Sean O’Brien
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