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.

Text Only | Photo Reprints
Local News

AP Video
Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii
Comments Tracker