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2016-12-00- CPC-rpt (Needs Assessment Report)
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2016-12-00- CPC-rpt (Needs Assessment Report)
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Minutes - CPC - Community Preservation Committee - Needs Assessment Report
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To-date, Lexington Town Meeting has appropriated nearly $63 million in funding for CPA <br />projects (not including debt service payments) in the four primary categories of Community <br />Housing ($8.8 million); Historic Resources ($31.8 million); Open Space Preservation ($14.4 <br />million); and Recreational Resources ($6.6 million) and administrative expenses ($1.3 million). <br />ach category <br />by Town Meeting from 2006-2016: <br /> <br />Appropriated To-Date by Category as of 7/1/16 <br /> <br />Administrative <br />Community <br />Expenses <br />Recreation Housing <br />2% <br />10%14% <br />Open Space <br />23% <br />Historic Resources <br />51% <br /> <br />over $13.5 million has been provided from state supplemental matching funds and $500,000 <br />from a State Land (Local Acquisition for Natural Diversity) Grant. Therefore, nearly 21.5% of <br />CPA funding has been provided by state matching funds. <br /> <br />In its initial year, fiscal year 2007 (FY07), the surcharge brought in approximately $2.5 million <br />dollars, which was fully matched with state funds. Since FY07, however, annual revenue from <br />the local surcharge has steadily increased. Latest figures are available for FY16, for which the <br />surcharge raised $4,204,982. However, state matching funds, which come from a surcharge on <br />Registry of Deeds transaction fees, have fallen since FY08 despite an increase in home sales over <br />the last several years and a slight increase in collections this past year. This decrease in state <br />2 <br /> <br />
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