Commuity Preservation Act update

The Community Preservation Act (CPA) still in the planning for a decision later this year by the Town Council to either put it on the ballot for the voters in November, or not. This article from the Mass Municipal Association (MMA) reveals "preliminary guidance" on the state distribution amount.

"While the COVID emergency’s impact on the Community Preservation Act Trust Fund is difficult to predict, the Division of Local Services on May 1 issued preliminary guidance, projecting an 11.2% first-round distribution to CPA communities in November.

“While current events have made estimating the state match a challenge, we have calculated a conservative estimate for use in municipal budget discussions,” the DLS stated.

Revenue for the trust fund comes from filing fees collected at the state’s registries of deeds (for home sales and mortgage filings, for example), but it’s unclear how COVID will impact the real estate market in the coming months.

A change to fees collected by the registries of deeds went into effect on January 1, 2020. This change was implemented to boost the CPA trust fund balance to provide for a greater state match."

Continue reading the article online
https://www.mma.org/dls-issues-preliminary-estimate-of-11-2-for-fall-cpa-trust-fund-distribution/

The recent CPA materials used for the Town Council discussions

• Feb 5, 2020 meeting recap

https://www.franklinmatters.org/2020/03/town-council-recap-of-feb-5-2020.html

• The audio segment of the Feb 5, 2020 meeting

https://www.franklinmatters.org/2020/02/fm-203-community-preservation-act-feb-5.html

• CPA presentation materials

https://www.franklinmatters.org/2020/02/community-preservation-act-cpa.html

It was a sense of deja vu for Jamie as he realized that he had come to Franklin on November 7, 2001