VOTE YES FOR CPA, COMMUNITY PRESERVATION ACT
APRIL 2, 2013, QUESTION 1, STONEHAM TOWN ELECTIONS
THE CPA WILL IMPROVE OUR COMMUNITY AND FUND PROJECTS THAT DO NOT RECEIVE REVENUE FROM THE GENERAL FUND.
The CPA funds outdoor recreation, open space, historic preservation projects and more.
- 155 Massachusetts communities have passed the CPA. Every year those communities have received extra matching state aid to assist in completing their town projects. To date, over $400,000,000 in state aid has enhanced those cities and towns. Stoneham has yet to receive anything.
- CPA IS VERY POPULAR AMONG THE COMMUNITIES WHERE IT HAS PASSED. NO COMMUNITY HAS EVER REVOKED A CPA SURCHARGE.
- CPA is a 1% increase in our property tax. This is an average of $12 on each quarterly prop. tax bill.
- Stoneham’s town CPA fund will be augmented with state matching funds, ranging from 27%-40% on the revenues that we raise. All funds always stay in Stoneham for our town projects.
- CPA state matching funding was increased by $25,000,000 this year by the legislature.
- State CPA revenues are earmarked from the Register of Deeds. These collections show an increased growth of 25% this year.
- CPA sets up a local nine member Community Preservation Committee made up of currently elected board members and appointed volunteers. This committee is defined by our town by-laws.
- All CPA Committee project recommendations must be approved by a vote at Town Meeting.
- CPA funding can carry over from one year to the next. CPA money is never allowed to be transferred to cover general fund operating expenses.
- The CPA “blended” feature:
* Stoneham is among the first to take advantage of newly enacted legislated reforms.
* Stoneham is allowed to add other revenues from gifts and grants to our CPA fund.
* Stoneham receives additional matching state aid on those funds as well. Examples:
* Mitigation money from the Hospital or Fallon Road
*The Rebuilding Rounds Playground could be augmented
* Gifts from philanthropic organizations, community banks, individual pledges, free cash, fund raising
The Lexington Capital Expenditure Comm., which initially opposed CPA, recently unanimously endorsed the positive impact CPA has had. It has saved Lexington thousands of dollars in bond interest costs and has avoided overrides and debt exclusions.
- Northampton declared that CPA immediately improved the town’s bond rating.
- CPA IS A GOOD BANG FOR OUR BUCK! VOTE YES FOR CPA ON APRIL 2. THANK YOU. SUPPORT OUR STONEHAM