2018-12-00-CPC-rpt (Needs Assessment Report)

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To-date, Lexington Town Meeting has appropriated over $72 million in funding for CPA projects (not including debt service payments) in the four primary categories of Community Housing ($11.2 million); Historic Resources ($33 million); Open Space Preservation ($14.8 million); and Recreational Resources ($13.1 million). Town Meeting has also approved administrative expenses totaling $1.6 million which help fund staff salaries, mailings,public notices, real estate appraisals, legal fees, membership dues and other miscellaneous expenses related to CPA projects. The chart below illustrates the percentage of Lexington's CPA funds allocated to each category by Town Meeting from 2006-2018: Appropriated To-Date by Category as of 7/1/18 Recreational Resources 01,,)en Sl,,.)ace 41 20% ic�miil xla 1s Community y I-i�ausiilg .1.5% I"'iistoPlc Resources '..... 45 uum 0Ioen.sioace uuu Admin I:::.XIoenses um Community I"'iousing " I"'iistoPlc Resources uoi Recreational Resources Of the funds that have been appropriated from the Town's Community Preservation Fund (CPF), over $15.2 million has been provided from state supplemental matching funds and $500,000 from a State LAND (Local Acquisition for Natural Diversity) Grant. Therefore, over 21% of CPA funding has been provided by state matching funds. In its initial year, fiscal year 2007 (FY07), the surcharge brought in approximately $2.5 million dollars, which was fully matched with state funds. Since FY07, annual revenue from the local surcharge has steadily increased. Latest figures are available for FYI 8, for which the surcharge raised $4,659,786. However, state matching funds, which come from a surcharge on Registry of Deeds transaction fees, have fallen since FY08. Lexington's FY19 state match totals $922,256, 2