Editor’s note: The following letter from the Community Preservation Committee is addressed to the Lincoln community. It was updated on March 24 to reflect a correction to the street address given for CPC member Margaret Olson.
To the editor:
Massachusetts passed the Community Preservation Act (CPA) in 2000. Lincoln voted to join in 2003 with a 3 percent property tax surcharge. Since then the state has matched the town’s revenues anywhere from 100 percent to the low 30 percent level. This past year the state match was 66 percent due to a provision in the state budget which required the first $25 million of any surplus to be deposited into the CPA trust. Hopefully this requirement will be renewed in the ongoing state budget process, but it is not guaranteed.
[Read more…] about Letter to the editor: Community Preservation Committee request