State Announces CPA Matching Funds for FY10

Published on Thursday, 10/14/2010 3:59 pm | by Community Preservation Committee | Automatically Archived on 7/1/2011

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The Sudbury Community Preservation Committee (CPC) announces that it has received a 29.32% match from the state for funds raised under the Community Preservation Act (CPA). Based upon Sudbury’s FY10 CPA surcharge revenue of $1,471,024, the state funding comes to $431,234, and brings the total FY10 CPA revenue to $1,902,258. These funds are part of the roughly $25.8 million that the Massachusetts Department of Revenue distributed on October 4th to the 142 communities currently participating in the CPA.  The average grant was 31.55%.     

This is the 8th year that Sudbury has received funds from the state Community Preservation Fund. The Town has approved 45 CPA projects since the program’s inception in 2003. 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.

Projects for funding at the 2011 Annual Town Meeting are currently under review by the committee, with public hearings to be scheduled in November.   To apply for CPC funding for FY12, download the FY12 Project Submission Form  here.

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