Blended Community Preservation Act
Littleton, MA: First Town to adopt Blended CPA is first to adopt joint CPC, BOS, FinCom policy on Blended CPA long-range financial planning. In 2014, Littleton became the first Town in the Commonwealth to accept the so-called "blended" Community Preservation Act [§3(b½)] Read more. By adoption of the Blended CPA, the Town's one percent (1%) CPA property tax surcharge can be augmented by municipal revenues up to the equivalent of another two percent (2%), which increases the base for CPA state matching funds.
UPDATE: 12/1/16: Littleton fully implements Blended CPA for a second year. For Fiscal Year 2016, Littleton's 1% CPA surcharge raised $242,217, so the Town could deposit up to $484,434 in additional municipal revenues as the 2% equivalent. May 2, 2016 Special Town Meeting voters approved that maximum amount of $484,434 by adding $72,665 (15%) each for community housing, historic preservation, and active recreation; and $266,439 (55%) for open space / passive recreation. By fully implementing the Blended CPA for a second year in-a-row, Littleton again qualified for maximum CPA state matching funds, and on 12/1/16 received $196,864, or 27% from the State. This included $149,887, or 20.6%, in Round 1 on our 1% surcharge; plus $46,977 in Rounds 2 and 3, which is only for communities at a full 3% level.
11/17/15: Littleton receives 39.1% in CPA state matching funds. Littleton will receive $267,349, or 39.1%, in CPA state matching funds this year thanks to the Town's adoption and full implementation of the Blended CPA. DOR reports that Littleton will receive $203,003 in Round 1 (which goes to all CPA communities) plus another $64,395 in Round 2 and 3 funds (which go only to CPA communities at the full 3%). Because Littleton reached the full 3% level in FY 2015 by adding 2% in blended CPA funds to our 1% CPA surcharge, we qualified for Round 2 and 3 distributions. Had we not reached the full 3% level, our matching rate would only have been the 29.7% in Round 1 ($203,003). Last year, we only received $68,814 in state matching funds-- 31.5% of the $218,000 raised on the 1% surcharge in Round 1 alone.
FY 2015 Blended CPA Appropriations: 2% Equivalent. For Fiscal Year 2015, Littleton's 1% CPA surcharge raised $227,484, so the Town could deposit up to $454,968 in additional municipal revenues as the 2% equivalent. Town Meeting voters approved that maximum amount of $454,968 by adding $200,000 for recreation on November 12, 2014; and by adding another $254,968-- $46,186 for community housing, $143,682 for open space and passive recreation, and $65,100 for historic resources-- on May 4, 2015.