Location: Charles River Room, Public Services Administration Building, 500 Dedham Avenue Zoom: Webinar ID: 820 2955 5493 - Passcode: 492463
The Community Preservation Committee is holding a public hearing to provide community members an opportunity to comment on projects that are seeking appropriations from the Needham Community Preservation Fund. The meeting will be held in person and via Zoom. The CPC welcomes community input to assist in its deliberations, including whether or not to recommend each of the projects for funding at Town Meeting. A list of projects under review may be found here.
If you are unable to attend, please send written comments and questions in advance by email to email@example.com or by mail to the Community Preservation Committee c/o Department of Public Works, 500 Dedham Avenue, Needham, MA 02492.
Community Preservation Act
Established under M.G.L. c. 44B, the Community Preservation Act (CPA) allows Massachusetts cities and towns to raise funds through a surcharge on local real estate taxes. These funds can be used to:
Needham voters adopted the legislation at the November 2, 2004 Election with a 2% surcharge on real estate property tax bills with two exemptions:
the first $100,000 of taxable value of residential real property; and
residential property owned and occupied by any person who qualifies for low income housing, or low-moderate income senior housing.
The CPA requires the Town to spend, or set aside for future spending, a minimum of 10% of annual CPA revenues for each of the three core community concerns: open space, historic preservation and community housing. The remaining 70% can be allocated for any combination of the allowed uses, or for recreational projects. Up to 5% may be allocated for administrative expenses.
This gives each community the opportunity to determine its priorities for public benefit, plan for its future, and have the funds to make those plans happen.