Vote YES for the CPA, Community Preservation Act on April 2nd
The CPA makes a difference to our deteriorating resources and treasures. CPA improves our community and funds projects that will never receive revenue from the general fund.
- CPA funds...
- 155 Massachusetts communities have passed the CPA. Every year those communities get extra matching state aid to assist in completing their town projects. To date, over $400,000,000 in state aid has enhanced these communities. Stoneham has yet to receive anything.
- CPA is a 1% increase in our property tax. This is an average of $12 on each quarterly property tax bill.
- Stoneham’s town CPA fund will be augmented with state matching funds, ranging from 27% to 40% on the revenues that we raise. All funds always stay in Stoneham for our town projects.
- CPA state matching funding was increased by $25,000,000 this year by the legislature.
- State CPA revenues are earmarked from the Registrar of Deeds. These collections are up by 25% this year.
- CPA sets up a local nine member Community Preservation Committee made up of currently elected board members and appointed volunteers. This committee is defined according to a town by-law to be voted at our Annual Town Meeting.
- Proponents with projects that meet the CPA criteria seek funding from this committee. All CPA Committee recommendations must be approved by Town Meeting.
- CPA funding can carry over from one year to the next and cannot be transferred to cover other Town expenses
The Blended Stoneham CPA:
Stoneham is among the first communities in the state to take advantage of newly enacted legislated reforms.
- Stoneham is allowed to add other revenues from gifts, grants, and town meeting appropriations to our CPA fund.
- Stoneham gets additional matching state aid on those funds as well.
- Mitigation money from new development projects, such as the Guittierez mitigation/Boston Regional Medical Center site.
- Community groups raise money, such as the Rebuilding Rounds Playground moms.
- Gifts from private sources for community preservation purposes; i.e. philanthropic organizations, community banks, individual pledges, employer matching gifts, etc.