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2020-12-00-CPC-rpt (Needs Assessment Report)
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2020-12-00-CPC-rpt (Needs Assessment Report)
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To-date, Lexington Town Meeting has appropriated over $82 million in funding for CPA <br /> projects (not including debt service payments) in the four primary categories of Community <br /> Housing ($11.6 million); Historic Resources ($33.7 million); Open Space Preservation ($18.8 <br /> million); and Recreational Resources ($16.2 million). Town Meeting has also approved <br /> administrative expenses totaling $1.9 million which help fund staff salaries, mailings,public <br /> notices, real estate appraisals, legal fees, membership dues and other miscellaneous expenses <br /> related to CPA projects. The chart below illustrates the percentage of Lexington's CPA funds <br /> allocated to each category by Town Meeting from 2006-2020: <br /> Appropriated To-Date by Category as of 12/1/20 <br /> u�cr aliucrru;�4,,,. <br /> RP <br /> unnur nu. <br /> 20% a t D p e n u Space <br /> r <br /> 23% <br /> I��VI "�u�iior¢�nhn Expenses q 2 <br /> r:011-amw nIty/ IHousing <br /> 1irsto61c Res( S ; <br /> 4111/. <br /> Ope ni Space m Adrnn Er p(,,msen.; u;:,or nni unity p iouhi <br /> Hstoriic lResonurces n RR reatnon all Re5oucerces <br /> Of the funds that have been appropriated from the Town's Community Preservation Fund (CPF), <br /> over $17.9 million has been provided from state supplemental matching funds and $500,000 <br /> from a State LAND (Local Acquisition for Natural Diversity) Grant. Therefore, over 21% 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, annual revenue from the local <br /> surcharge has steadily increased. Latest figures are available for FY20, for which the net <br /> surcharge raised $5,214,556. Lexington's FY21 state match totals $1,549,955, or 29.7% of its <br /> surcharge, the highest percentage distribution since FYI 6. While higher than the initial estimate, <br /> 2 <br />
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