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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2016 ATM
<br />transferred to the State's Community Preservation Act Trust Fund (CPATF) from which, according to a
<br />formula based on each town's prior - fiscal- year's property -tax surcharges, that supplemental funding is
<br />distributed. The supplement can be as high as a 100% match to the town's own surcharge revenue, but the
<br />percentage is not guaranteed. When there are not sufficient funds for a 100% match -which has been the
<br />case since the distribution in FY2008, the State does a 2"d- round, and potentially 31-d- round, calculation to
<br />determine the final supplemental funding for those communities that have adopted the maximum 3%
<br />surcharge, including Lexington.
<br />In the last three years, and pending for FY2017, the State has also, annually so far, had a provision by
<br />which the CPATF has received additional funding if the State's prior - year's budget ended with a surplus.
<br />This table reflects how Lexington has fared since adopting the CPA, along with a projection for FY2017:
<br />Year in which
<br />supplement received
<br />Prior- Year's CPA
<br />Surcharge Collected
<br />State Supplement Percentage
<br />Total Suppl
<br />Amount
<br />1st Round
<br />2nd Round
<br />3rd Round
<br />Total
<br />FY2008 (Actual)
<br />$2,556,362
<br />100.0%
<br />N/A
<br />N/A
<br />100.0%
<br />$2,556,362
<br />FY2009 (Actual)
<br />$2,777,882
<br />67.6%
<br />1.8%
<br />N/A
<br />69.4%
<br />$1,927,708
<br />FY2010 (Actual)
<br />$2,931,678
<br />34.8%
<br />0.9%
<br />0.5%
<br />36.2%
<br />$1,060,390
<br />FY2011 (Actual)
<br />$3,042,587
<br />27.2%
<br />0.6%
<br />0.4%
<br />28.2%
<br />$858,729
<br />FY2012 (Actual)
<br />$3,206,117
<br />26.6%
<br />0.6%
<br />0.4%
<br />27.6%
<br />$885,463
<br />FY2013 (Actual)2
<br />$3,344,371
<br />26.8%
<br />0.6%
<br />0.4%
<br />27.8%
<br />$929,507
<br />FY2014 (Actual)3
<br />$3,572,460
<br />52.2%
<br />1.1%
<br />0.7%
<br />54.1%
<br />$1,932,347
<br />FY2015 (Actual)4
<br />$3,777,676
<br />31.5%
<br />0.7%
<br />0.4%
<br />32.6%
<br />$1,230,116
<br />FY2016 (Actual)5
<br />$4,012,883
<br />29.7%
<br />0.6%
<br />0.4%
<br />30.7%
<br />$1,229,774
<br />Total Actual:
<br />$29,222,016
<br />Received to date:
<br />43.2%
<br />$12,610,396
<br />FY2017 (Projected)5
<br />$4,214,611
<br />TBD
<br />TBD TBD
<br />23.0%
<br />$969,000
<br />Totals including projected:
<br />$33,436,627
<br />40.6%
<br />$13,579,396
<br />I The "actuals" are the net amounts as used by the State; the "projected" is the Town's projection for the gross collection.
<br />2 The Total Suppl Amount includes $255 to correct an underpayment in FY2012 from an error with Phillipston's surcharge.
<br />s The Total Suppl Amount reflects there was a $25 million addition to the State's CPA Trust Fund because the State finished FY2013 with a
<br />surplus of at least that amount - thereby permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br />a The Total Suppl Amount reflects there was a $11.4 million addition to the State's CPA Trust Fund because the State finished FY2014 with
<br />a surplus of at least that amount - thereby permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br />s The Total Suppl Amount reflects there was a $10 million addition to the State's CPA Trust Fund because the State finished FY2015 with a
<br />surplus of at least that amount - thereby permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br />6 The projected percentage does not include any increase that would result from the State deciding to continue to infuse the State's CPA
<br />Trust Fund with additional funding from a prior -year budget surplus.
<br />As shown above, our prior experience in the 2nd & 3rd rounds has been at least an additional 1.0 %.
<br />So while the supplement level had fallen substantially since our first year -but with the last three years
<br />having a rebound when there was additional funding into the CPATF from the State's surplus -our Town
<br />will continue to receive significant help from the State toward the cost of our CPA - funded projects.
<br />The proceeds under the CPA may be used for various capital projects within the categories of Community
<br />Housing, Historic Resources, Open Space, and Recreational Use that fall within the provisions set forth in
<br />the enabling Act.
<br />Projects are put forth to Town Meeting for action by a Community Preservation Committee (CPC) whose
<br />membership, in our Town, is prescribed in the Code of Lexington as follows:
<br />§ 29 -23A. There is hereby established a Community Preservation Committee pursuant to Section
<br />5 of Chapter 44B of the General Laws (the "Act ") consisting of nine members. The Board of
<br />Selectmen shall appoint three members of the Community Preservation Committee and the
<br />following bodies shall each select one of its members for membership on the Community
<br />Preservation Committee: the Conservation Commission, the Planning Board, the Recreation
<br />Committee, the Historical Commission, the Housing Authority and the Housing Partnership.
<br />Town Meeting can only approve, reduce the funding, or disapprove a project; it cannot change the
<br />purpose. Town Counsel has provided an opinion that Town Meeting can change the funding mechanism
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