Friday, October 22, 2004
Carlisle receives $262,655 in state CPA matching funds
On October 15, the Massachusetts Department of Revenue (DOR) will award approximately $31.4 million in matching grants to 61 municipalities that have adopted the Community Preservation Act (CPA), including $262,655 to Carlisle for FY 2004.
The Community Preservation Act (CPA) is a state law that allows municipalities to raise and dedicate up to 3% of their local property taxes to community housing, land protection, historic preservation, and public recreation. Every October 15, the state provides matching funds to participating towns from a trust fund that is financed by Registry of Deeds filing fees locally. As in prior grant rounds, all eligible communities received a 100% match or one state dollar for every dollar raised through the CPA surcharge.
Carlisle assesses households at 2%. As of September 30, 2004 Carlisle had total fund balances of $783,924.20 in the Community Preservation Open Space Reserve, Historic Reserve, Community Housing Reserve, and Undesignated Fund Balance accounts.
Funds from the Community Preservation Act have allowed the town to purchase Benfield Parcel A on South Street and will continue to pay for debt service on the property. The Committee is also recommending the funding of the first phase of a survey of historic sites in town at the November town meeting.
Since the Act became law in December 2000, 65 cities and towns have adopted the CPA and approved over $120 million for local projects. These funds have gone to the creation of more than 620 new units of affordable housing, the permanent protection of over 4,000 acres of open space, and the preservation of more than 160 historic sites.
Ten more communities — Barnstable, Concord, Groton, Hadley, Hanover, Middleton, Needham, Northborough, Sharon and Wilbraham — will be holding CPA ballot elections this fall.
© 2004 The