Special Public Program
A presentation on The Community Preservation Act (CPA)
The Watertown Free Public Library
Invest in Watertown
The Community Preservation Coalition
Wednesday, June 1, 2016
Watertown Savings Bank Meeting Room
Watertown Free Public Library
123 Main Street
Watertown, MA 02472
The Community Preservation Act is a law that was passed in 2000 that allows the residents of a city or town to adopt a small surcharge on their real estate tax bills to create a fund that can only be used for special community investment purposes. Funds generated by the CPA can only be used as follows:
- Open space and outdoor recreation (e.g., restoration of Walker Pond, creation of a new soccer field, improvements to the Charles River Path, dog parks, playgrounds)
- Affordable housing (e.g., rehabilitation and new construction of homes that help senior citizens and young families stay in Watertown)
- Historic preservation (e.g., renovation of a branch library, archiving of historic photos and documents, preservation of historic gravestones, monuments and buildings)
In Watertown, the CPA would raise approximately $1.7 million each year and make the town eligible for partial matching funds from the state. Join us for an in-depth discussion of the Community Preservation Act, learn how neighboring towns have used their CPA funds and discover what Watertown could do with its funds if voters choose to adopt the CPA this November.
This program is free and open to the public.
For more information, call Joyce 781-899-7239.