Town Meeting Sets Aside Funds for Community Preservation Act Reserves
Key Points
- Statutory set-asides for CPA revenue
- Funds reserved for housing, open space, and historic preservation
- Ensures compliance with state CPA regulations
Article 7, a routine but essential financial measure, was approved to allocate funds within the Community Preservation Act (CPA) accounts. The article ensures that the town remains in compliance with state law by setting aside specific percentages of annual CPA revenue for dedicated purposes.
The vote authorizes the transfer of funds into reserves for historic resources, community housing, and open space. Additionally, a portion was set aside for the administrative expenses of the Community Preservation Committee. The measure passed without opposition or significant discussion.
Motion: Liz Bernardi moves to appropriate funds for historic resources, community housing, open space, and administrative expenses.
Vote: Passed Unanimously