Town of Nahant Receives Additional $49,669 in Fair Share Funds for Road, Bridge Repairs

Town Administrator Antonio Barletta is pleased to announce that the Town of Nahant will receive an additional $49,669 in state funds that can be used to improve the Town’s roads, sidewalks and bridges.  

The money is in addition to funding the Town receives annually through the Commonwealth’s Chapter 90 program, which provides funding to municipalities for capital improvements on local public ways. In Fiscal Year 2024, Nahant received $49,669 Chapter 90 funds.

This supplemental allocation is part of $100 million in Fiscal 2024 Fair Share Amendment funds distributed by the Commonwealth that can be used to improve local infrastructure. The revenue comes from the new state surtax on incomes greater than $1 million. 

Half of the $100 million appropriation is distributed using the traditional Chapter 90 funding formula, which takes into consideration the number of miles of public roadways in a community (58.33%), the community’s population (20.83%), and the number of people employed in that community (20.83%). The other half is distributed using a formula based solely on the number of miles of public roadways in a community.

Nahant is receiving $27,558 based on road miles, and $22,111 based on the Chapter 90 formula. This is in addition to the previously approved Chapter 90 amount of $88,443, for a new FY24 total of $138,112

“On behalf of the Board of Selectmen and the Town of Nahant, we want to thank the Governor and the State Legislature for providing these additional resources to municipalities like ours,” said Chairman Joshua Antrim. “These funds will be used to conduct the work laid out by the Town of Nahant’s recently updated 5-year plan for roadways and sidewalk repairs”

Cities and towns are able to access and use these funds immediately without needing project approval. However, expenditures must comply with Chapter 90 and applicable local, state or federal regulations.