{"id":62,"date":"2013-11-18T10:27:54","date_gmt":"2013-11-18T10:27:54","guid":{"rendered":"https:\/\/sudbury.ma.us\/cpc\/2013\/11\/18\/cpa-state-matching-funds-announced\/"},"modified":"2013-11-18T10:27:54","modified_gmt":"2013-11-18T10:27:54","slug":"cpa-state-matching-funds-announced","status":"public-archive","type":"post","link":"https:\/\/sudbury.ma.us\/cpc\/2013\/11\/18\/cpa-state-matching-funds-announced\/","title":{"rendered":"CPA State Matching Funds Announced"},"content":{"rendered":"<p>\n\tThe Sudbury Community Preservation Committee (CPC) announces that it has received a <strong>56%<\/strong> match from the state for funds raised under the Community Preservation Act (CPA). Based upon Sudbury&rsquo;s FY13 CPA surcharge revenue of <strong>$1,587,599<\/strong>, the state funding for FY14 comes to <strong>$895,751<\/strong>. These funds are part of the roughly $55 million that the Massachusetts Department of Revenue distributed on November 15<sup>th<\/sup> to the&nbsp;148 communities currently participating in the CPA.<\/p>\n<p>\n\tIncreases in the state CPA fund this year were due to several factors:<\/p>\n<p>\n\t1) $25 million from the state&#39;s FY13 budget surplus was added to the CPA Trust Fund last week, as a result of&nbsp;the&nbsp;passage of &quot;An Act to Sustain Community Preservation&quot; in&nbsp;July of 2012.<\/p>\n<p>\n\t2)&nbsp;Collections for the trust fund from recording fees at the state&#39;s Registries of Deeds have rebounded strongly this year due to the improvement in the real estate market.<\/p>\n<p>\n\t3) The shift in the distribution date from October to November allowed DOR to include one additional&nbsp;month of revenue from the Registries of Deeds recording fees.&nbsp; Past distributions have included 12 months of registry recording fees, but for this year only, DOR included 13 months in the distribution.<\/p>\n<p>\n\tThis is the 11<sup>th<\/sup> year that Sudbury has received funds from the state Community Preservation Fund. The Town has approved&nbsp;64 CPA projects in the eligible categories of Open Space, Historic Preservation, Affordable Housing and Recreation since the program&rsquo;s inception in 2002 .<\/p>\n<p>\n\tProjects for funding at the 2014 Annual Town Meeting are currently under review by the committee, with public hearings scheduled for November 20 and December 4, 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sudbury benefits from increased state revenue <a href=\"https:\/\/sudbury.ma.us\/cpc\/2013\/11\/18\/cpa-state-matching-funds-announced\/\" aria-label=\"Read full article about CPA State Matching Funds Announced\">Read full article<span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1,6],"tags":[],"_links":{"self":[{"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/posts\/62"}],"collection":[{"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/comments?post=62"}],"version-history":[{"count":0,"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/posts\/62\/revisions"}],"wp:attachment":[{"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/media?parent=62"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/categories?post=62"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudbury.ma.us\/cpc\/wp-json\/wp\/v2\/tags?post=62"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}