(EDITOR'S NOTE: The following is from the Town of Sudbury.)
The Sudbury Community Preservation Committee (CPC) announces that it has received a 28.91% match from the state for funds raised under the Community Preservation Act (CPA). Based upon Sudbury’s FY12 CPA surcharge revenue of $1,534,878, the state funding comes to $443,953, and brings the total FY12 CPA revenue to $1,978,831. These funds are part of the roughly $25 million that the Massachusetts Department of Revenue distributed on October 15th to the 148 communities currently participating in the CPA. The average grant was 37.64%.
This is the 10th year that Sudbury has received funds from the state Community Preservation Fund. The Town has approved 59 CPA projects since the program’s inception in 2002. From the beginning, the CPC has been conservative in estimating its revenues, and has “banked” a substantial portion of its funds to insure that monies will be available for future projects.
Projects for funding at the 2013 Annual Town Meeting are currently under review by the committee, with public hearings to be scheduled in November. To apply for CPC funding for FY14, download the FY14 Project Form here.