THE COMMUNITY PRESERVATION ACT and HOW IT CAN HELP WARWICK TAXPAYERS - Keith Ross, Karro Frost, Christine Duerring The CPA is a state law that allows adopting communities to establish a dedicated local fund to support affordable housing, develop new parks, playgrounds, and recreational fields, preserve historic buildings and resources and protect open space. Besides supporting projects in these categories that have been chosen and approved by the town, the CPA is important to the Massachusetts economy, contributing jobs, supporting tourism, and providing vital sources of local and state revenue. A total of 147 cities and towns, 42% of the Commonwealth's communities, have adopted CPA since it first went into effect in 2001. CPA funds are generated through a surcharge of up to 3% on property tax bills, not on the assessment, but on the amount of tax. The first $100,000 of assessment is excluded in computing the tax that will be surcharged. In addition, low income seniors and other residents can opt out of the surcharge. For example, if your home is assessed at $185,000, your CPA surcharge would be calculated by subtracting $100,000 from the assessment, leaving $85,000, multiplied by the Warwick property tax rate per thousand for that year, which is currently $16.43. That would equal a property tax of $1,396.55. Then multiply that number by .03 (3%) to determine the CPA surcharge, to get $41.90. Then at the end of the year the state would match that amount from the Massachusetts Community Preservation Trust Fund whose revenues are generated through fees charged at the Registry of Deeds. This money would be held by the town in a special account (not the state). Each fiscal year, Warwick can decide to spend, or set aside for future spending the funds collected through the surcharge and the state match. The CPA requires that 10% of the funds be dedicated to projects for historic resources, 10% for community housing, and 10% for open space. The remaining 70% of the revenues can be spent or reserved for future projects in any of these three areas above or for funding outdoor public recreation projects. CPA funds may never be directed to the general town fund and may only be spent on the three CPA core areas identified above and outdoor recreation. Examples of projects in Warwick that could benefit from this funding include: * Renovations and repairs on historic buildings in town, such as the town hall, the library, the old fire station, historical society building, and others. * Restore and preserve historic documents * Create new ball fields and trails for walking and biking * Develop a housing plan to determine the housing needs of Warwick and then use CPA funds to address those needs such as support housing for seniors, and rehabilitate old apartments to create homes for young families or small households * Preserve land to protect drinking water, local agriculture and wildlife habitat If Warwick had passed the CPA when it was first offered in 2001, the town could have used the funds collected to offset a major portion of the $131,000 that has been spent on the town hall, fire station, library, and other structures in that time with half of the funds coming from the state. CPA can be considered a savings account for qualified projects in town. Rather than having to vote at town meeting to spend the necessary funds on, for example, town hall repairs and have that cost added to that years property tax, the CPA fund can be accumulating over time for those purposes and the state will match what is collected by the town. Anyone in town can submit a project proposal to the Community Preservation Committee, which is appointed by the Selectmen. The committee accepts applications and screens projects to make sure they're truly eligible. The Committee submits a warrant article at Town Meeting, and the Town residents vote on funding the project(s). Volunteers will be collecting signatures at the library and at the dump for the next few weeks to see if there is enough interest to get the proposal on the ballot for the May town election. In addition, there may be a non- binding article on the town warrant for the May town meeting to discuss the proposal for Warwick. In addition, volunteers will be meeting with the historical society, fire department building committee and senior meal site to explain the CPA. There will also be a program on the CPA at the Library on April 29th and will be open to all. Information about the CPA is also available on the Warwick website. (www.warwickma.org) A volunteer committee has been meeting at the town hall every two weeks to explore the pros and cons of adopting the CPA in Warwick and develop a plan to inform Warwick residents about the CPA and how it might benefit the town, now and in the future. Please come if you are interested. If you have any questions or comments, please email or call Karro Frost (karrofrost@gmail.com 978-633-9542), Christine Duerring (978-544-0979), or Keith Ross (kross@hughes.net 978-544-2181)