The Sudbury Community Preservation Committee (CPC) proudly announces that it has received a 71% match from the state for funds raised under the Community Preservation Act (CPA). Sudbury was again one of the top ten such grants issued this year. Based upon Sudbury’s FY ’08 CPA surcharge revenue, the state funding comes to $965,898, and brings the total FY08 CPA revenue to $2,321,410. These funds are part of the roughly $54.6 million that the Massachusetts Department of Revenue distributed on October 15th to the 127 communities currently participating in the CPA. The average grant was $503,000. Of the top ten grants, only one other went to a town of similar size (Weston).
This is the 6th year that Sudbury has received funds from the state Community Preservation Fund. The Town has approved 35 CPA projects since the program’s inception in 2003.
Projects for funding at the 2009 Annual Town Meeting are currently under review by the committee, with public hearings to be scheduled in November. From the beginning, the CPC has been conservative in estimating its revenues, and has “banked” a substantial portion of its funds to insure that monies will be available for future projects.