|
Lexington Home Page
|
Help
|
About
|
Browse
Search
2016-12-00 Community Preservation Plan: A Needs Assessment.rpt
Breadcrumb Navigation:
TownOfLexington-Public
>
WEB PUBLISHED-PUBLIC DOCUMENTS
>
MINUTES-REPORTS-COMMITTEES ARCHIVE
>
Community Preservation Committee-CPC
>
Reports
>
2016-12-00 Community Preservation Plan: A Needs Assessment.rpt
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/16/2022 3:57:25 PM
Creation date
1/9/2017 2:16:08 PM
Metadata
Fields
Template:
Archives
Year
2016
Author or Source
Community Preservation Commission
Keywords or Subject
Community Preservation Plan: A Needs Assessment
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
225
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
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 />The chart below illustrates the percentage of Lexington's CPA funds allocated to each category <br />by Town Meeting from 2006-2016: <br />Appropriated To -Date by Category as of 7/1/16 <br />Of the funds that have been appropriated from the Town's Community Preservation Fund (CPF), <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 />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 />
The URL can be used to link to this page
Your browser does not support the video tag.