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2015-12-00-CPC-rpt (Needs Assessment Report)
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2015-12-00-CPC-rpt (Needs Assessment Report)
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Minutes - CPC - Community Preservation Committee - Needs Assessment Report
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necessary fees that would allow for all CPA communities to receive a 50% match in their first <br />round distribution. The bill recently received a favorable recommendation from the Joint <br />Committee on Revenue and is currently before the House Committee on Ways & Means. <br />Record of Lexington's CPA State Matching Funds <br />(Source: Massachusetts Department of Revenue) <br />CPA STATE MATCHING FUNDS <br />TO DATE <br />FISCAL <br />YEAR <br />PERCENTAGE AMOUNT <br />2008 100.00 $2,556,362 <br />2009 69.40 $1,927,708 <br />2010 36.17 $1,060,390 <br />2011 28.22 $858,729 <br />2012 27.62 $885,463 <br />2013 27.79 $929,507 <br />2014 54.09 $1,932,347 <br />2015 32.56 $1,230,116 <br />2016 30.70 $1,229,774 <br />TOTAL $12,610,396 <br />To date the Lexington Town Meeting has appropriated over $63 million in funding for CPA <br />projects (not including debt service) in the four primary categories of Community Housing ($7.8 <br />million); Historic Resources ($34.5 million); Open Space Preservation ($14.6 million); and <br />Recreational Uses ($5.4 million). Of the funds that have been appropriated from the Town's <br />Community Preservation Fund (CPF), over $12.6 million has been provided from State <br />supplemental matching funds and $500,000 from a State Land (Local Acquisition for Natural <br />Diversity) Grant. Therefore, nearly 20% of CPA funding has been provided by State matching <br />funds. <br />2 <br />
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