The city must allocate at least 10 percent of CPA money each year to each of the three categories of open space, historic preservation and affordable housing. Expenditures are recommended by a nine-member local committee that must include members of the city’s recreation, conservation and historic commissions and Planning Board, and one member advocating for affordable housing. The City Council approves all expenditures.
Staff writer Paul Leighton can be reached at 978-338-2675 or firstname.lastname@example.org.
WHAT IT WOULD COST IN BEVERLY Assessed property value Annual surchage $200,000 $13 $300,000 $26 $400,000 $38.90 $419,051* $41.38 $500,000 $51.90 $600,000 $64.90 $700,000 $77.80 $800,000 $90.80 $900,000 $103.80 $1,000,000 $116.80 * Average assessed value of single-family home in Beverly based on 2012 tax data Source: Community Preservation Beverly