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Preservation Act
- An overview of the CPA
- Recommendations of the Committee
- Considerations in the Committee’s recommendation
- Effects of the CPA Surcharge
- Past projects for which CPA funds could have been used
- Future projects for which CPA funds could be used
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III. Important Considerations in the CPA Study Committee’s
Recommendation
The committee decided on its recommendations based on several
other factors.
- CPA is an additional source of funding, up to 100% state matching funds,
for:
- High priority projects the town will need to fund anyway;
- Qualifying projects that would otherwise be funded from the town’s
operating budget;
- Lower priority projects which have little chance of being implemented in
the current fiscal climate but which can result in a significant
improvement in the quality of life of Randolph residents.
- Unlike other state programs like the School Building Assistance Program,
the state grants and delivers CPA matching funds to towns on an annual
basis. Randolph is in complete control of when and how these funds are used,
and can earn interest on unspent funds accumulating in the CPA
"account.
- Since the inception of CPA in 2000, residents of Randolph have
contributed approximately $600,000 to the state CPA trust fund used to match
local CPA funds. In the years to come, this amount will increase. In
effect, Randolph is helping fund worthwhile projects in other towns while
receiving no benefits. In the first year of adoption of CPA,
Randolph could realize a net gain of funds received from the state fund
versus fees paid into it.
- The $100,000 exemption that the committee is recommending reduces the
burden on all homeowners. In addition, the surcharge will not affect
qualifying senior citizens and low-income individuals – those who are
least able to pay for the CPA can be exempted from it through the income
exemption we have included.
- CPA funds do not need to be used in the year in which they are received.
They can be set aside in reserve funds for future use. This provides
flexibility in funding projects and will help ensure that projects are
funded in a thoughtful manner. The state pays the matching funds based only
on what was collected in the previous fiscal year. There is no requirement
that any money is spent in order to receive the matching funds.
- The Committee, through research and observation, believes that CPA will
not hinder the town’s ability to raise additional funds in the future
through operational and debt exclusion overrides, if necessary, because:
- Voters consider overrides on their own merits, depending on how they are
packaged and promoted, and how much is requested.
- CPA funds may actually mitigate the need for the town to seek overrides
for certain projects pertaining to open space, housing, historical
preservation, and recreation. In addition, as an additional source of
funding, CPA may relieve pressure for future overrides and help lower the
town’s indebtedness.
Adopting the CPA can actually help us with other sources of funding since
many state funding programs give bonus points to communities that have adopted
the CPA. Programs for which CPA communities receive extra points include:
Public
Works Economic Development Program (EOT)
Community
Development Action Grant Program (DHCD)
Transit Node Grant Program (DHCD)
State
Revolving Fund (EOEA - DEP)
DEP
Brownfields Funding (EOEA - DEP)
Self-Help
Program (EOEA)
Urban
Self-Help Program (EOEA)
Agricultural
Preservation Restriction Program (EOEA - DAR)
Land Acquisition Programs (EOEA - DCR,
DAR, DFG)
Off-Street Parking Program (EOAF)
- Finally, the Committee feels that it is important for Town Meeting to take
action now. The longer the town delays voting on CPA, the more money
it "leaves on the table" and the longer it will take to begin
badly needed and worthwhile projects.