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On behalf of The Town of Barnstable, Massachusetts, I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by Barnstable, as it allows us to make critical investments in public infrastructure throughout the Town. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of the Town of Barnstable. Please do not hesitate to contact our office with suggestions on how we can improve. Thanks again for your interest in our bond program.
Mark Milne, Director of Finance
After years of development, Cape Air’s new airplane, the Tecnam P2012 Traveller, took to the skies over the weekend for its first commercial flight. The plane that Cape Air has been flying for decades is the Cessna 402, a slightly smaller, less powerful plane that holds one less person. There’s now five on the ground in Hyannis. Cape Air’s plan is to have 20 by the end of the year and acquire 10 to 15 more a year for the next five years.
The commuter airline Southern Airways Express is scheduled to begin service in Barnstable on April 17, with four flights daily to and from Hyannis and Nantucket. Southern Airways Express will be the fourth passenger carrier to fly out of Barnstable Municipal Airport.
Town Manager Mark Ells has submitted his recommended Fiscal Year 2021 capital budget to the Town Council which includes 49 projects totaling $39 million. Funding for the plan includes using $5.9 million is reserves, $2.6 million in grants, $900,000 of remaining funds in completed projects and $29.8 million in new borrowing authorizations.
Public hearings on the capital plan will begin March 19th at 7 PM in the James H. Crocker, Jr. Hearing Room in Town Hall and continue on April 2nd, if necessary.
Major projects include Phase II of the Barnstable High School sports fields upgrades, extending Mary Dunn Way at the airport, rehabilitation of the solids handling building at the wastewater treatment plant, continuation of the channel dredging program, design and permitting of sewer extensions, and various public roads and public facility improvements.