Wednesday, October 14, 2020

Community Preservation Act: Frequently Asked Questions - answered by CPAForFranklin

Question of the Day: 
"Is there really any open space left to save in Franklin?"
 
Question of the Day: 
 “I don’t mind paying more on my taxes for saving open space, but I don’t want to pay more for the other uses. If money raised gets split up, will it really ever be enough to do anything with?”
 
Question of the day:
"Does adopting the CPA mean there will be an additional tax when I sell my home?"
 
Question of the day: 
"How is the CPA amount calculated? Will the CPA surcharge be figured as 2% of my property value under the CPA?"
 
Question of the Day: 
"Doesn’t the Town have enough affordable housing for those who need it?"
 
Question of the Day: 
“How many communities have adopted the CPA? And have any revoked it?” 
https://www.cpaforfranklin.org/2020/10/question-of-day-how-many-communities.html
 
Question of the Day:  
How is the allocation of local funds prioritized? 
 
Questions of the Day:  
1 - Who decides how Franklin’s CPA funds would be spent? 
2 - How will Franklin decide which projects will be funded? https://www.cpaforfranklin.org/2020/10/question-of-day-two-questions.html

 

If you have a question about how the Community Preservation Act (CPA) works, please email CPA4Franklin@gmail.com.  
 
As additional questions are asked and answered they will be posted to the page here https://www.cpaforfranklin.org/p/frequently-asked-questions.html
 


2 comments:

  1. What percentage of the funds go toward open spaces?

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    Replies
    1. a minimum of 10% each year goes into three buckets (1) open space/recreation (2) historic preservation (3) housing. The balance accumulates until allocated for one or more projects. An example of such is in the following answer to another question https://www.cpaforfranklin.org/2020/10/question-of-day-will-there-be-enough.html

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