Open Space and Recreation

 Committee

41 South Main Street • Randolph, MA 02368

mpic_randolph@yahoo.com

  
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  1. An overview of the CPA
  2. Recommendations of the Committee
  3. Considerations in the Committee’s recommendation
  4. Effects of the CPA Surcharge
  5. Past projects for which CPA funds could have been used
  6. Future projects for which CPA funds could be used

Download the entire report. (Adobe Acrobat Required)

IV. Tax Surcharge Effects, FY 2004 Example

Assumptions: Residential Tax Rate: $11.08 Average Single Family Home Assessment: $279,000 Average Residential Tax Bill: $2,797

Surcharge Rate

Yearly Surcharge (avg. tax bill)

Quarterly Surcharge (avg. tax bill)

Town Revenue Estimate*

State Matching Funds at 100%

Total

1.0%

$20

$5

$215,971

$215,971

$431,942

2.0%

$40

$10

$431,942

$431,942

$863,884

3.0%

$59

$14.75

$647,913

$647,913

$1,295,8268

* Town revenue estimate assumes a 96% collection rate due to low-income and senior surcharge abatement. For full assumptions and calculations, please contact Committee.

Why did the Open Space and Recreation Committee Put a By-Law Article on This Year’s Warrant?

The decision to put a Community Preservation By-Law on this year’s Town Meeting Warrant was related to timing. This by-law only takes effect if Town Meeting approves the CPA article, and the voters pass a CPA referendum in April. It will enable the town to quickly form a CPC and take advantage of CPA as soon as possible.

If you have questions, please contact members of The Committee:

cpa_randolph@yahoo.com