SalemNews.com, Salem, MA

Local News

November 6, 2012

CPA passes in Salem, Beverly

(Continued)

The law allows cities and towns to create a Community Preservation Fund that can be used for historic preservation, affordable housing, open space and outdoor recreation.

It is funded by a surcharge of from 1 percent to 3 percent on property tax bills and by state matching funds, most of which come from real estate transaction fees paid to the state’s registries of deeds.

Both ballot questions included exemptions for the first $100,000 of property valuation, for low-income residents and others.

Beverly Community Preservation, backers of the measure in that city, estimated that it would raise about $750,000 per year, of which $600,000 would come from property tax surcharges. The majority of property owners would pay between $40 and $50 per year, the group said.

In Salem, backers estimated that it would cost the average homeowner about $30 a year and would raise up to $600,000, including the state match.

Potential projects included the carriage house at Lynch Park in Beverly and renovations on Salem’s historic City Hall.

Nine communities statewide voted on CPA ballot questions yesterday. Results from the others were not available last night.

Local CPA communities include Peabody, Middleton, Hamilton and Wenham.

Tom Dalton can be reached at tdalton@salemnews.com.

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