Voters Approve $777,000 in Mandatory Community Preservation Set-Asides
Key Points
- Allocates $259,217 each to Housing, Open Space, and Historic reserves
- Marshfield's CPA revenue for FY27 is projected at nearly $2.6 million
- The town has utilized $35 million in CPA funds since 2001
Voters approved the mandatory annual allocations for the Community Preservation Committee (CPC) under Article 16. Per state law, the town must set aside 10% of its Community Preservation Act (CPA) revenues into three specific reserve categories: Historic Resources, Open Space, and Community Housing.
CPC Chair Dennis Keller reported that Marshfield anticipates $2,592,171 in total revenue for FY27, derived from the local 3% surcharge, state matching funds, and interest. The vote authorized $259,217 to be moved into each of the three mandatory reserves, along with $125,000 for committee administrative expenses. Keller noted that since joining the CPA in 2001, Marshfield has funded more than $35 million in community projects.
Motion: To set aside $259,217 each for Historic, Open Space, and Affordable Housing, and $125,000 for administration.
Vote: Passed