Community Preservation Act Informational Meeting Text Size
Event takes place on July 23, 2015 at 7:00 PM
92 Race Street- Gateway City Arts
Community Preservation Act Informational Meeting
Sponsored by Holyoke Preservation Trust.org
Gateway City Arts-1st floor
92 Race Street
Thursday, July 23rd 7:00 pm
Contact person Vitek Kruta 413 539 0385
Community Preservation Act-CPA is the result of nearly two decades of work devoted to passing legislation that would give all 351 Massachusetts cities and towns a tool to preserve their most unique natural, community and built features.
CPA is a state law passed in 2000 that allows an adopting community to establish a dedicated local fund to support affordable housing, develop new parks, playgrounds and recreational fields, protect open space and preserve historic buildings and resources.
How do communities adopt CPA? A municipality accepts CPA through passage of a local ballot referendum following either initial approval of its city council or certification on a ballot question petition with signatures of 5 % of the registered voters.
How is CPA funded? Communities that have adopted CPA raise money locally through a surcharge on local property taxes. A statewide dedicated CPA trust fund provides annual matching funds distributed according to a formula that ranger from 5% to 100% of what is raised locally.
Come learn about the CPA and how it could work in Holyoke! Local speakers from CPA communities, questions and answers, handouts are available.
Posted on July 10, 2015 by Olivia