
By David Kane, Stephen Pinkerton, and Margaret Velie The Community Preservation Act (CPA) is a state law that helps towns keep their character and quality of life by providing funds to preserve open space and historic sites, create affordable housing, and develop outdoor recreational facilities (see Table 1). Belmont adopted the CPA in 2010. Community preservation money is raised locally through a 1.5 percent surcharge (3 percent is the maximum) on property taxes, which is then partially matched by the state. In the last few years, Belmont has generated about $1.1 million per year locally and has received about $200,000 [READ MORE]