Word: cpa
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...Community Preservation Act (CPA) passed yesterday in a landslide referendum. The act will provide Cambridge with state funds to match the City’s spending on affordable housing, open space and historical preservation...
Seventy -one percent of voters marked their ballots in favor of the CPA, in answer to yesterday’s only referendum question...
...large and diverse list of supporters for the CPA was a major reason for its landslide passage, according to Cavanaugh...
Even Cambridge business interests gave their support to the CPA, which will not raise property taxes in Cambridge although similar initiatives could cause tax hikes in other Mass. communities...
Unlike Boston and Newton, who are also voting on the CPA today, the City of Cambridge already has a $4.5 million per year affordable housing trust fund. Because of this fund, the property tax surcharge is waived. A “yes” vote on Question 1 is an easy choice. It wins the city almost $5 million in state money at no cost to residents. Unfortunately, because of the heavy advertising against the CPA in Boston and Newton and because the wording of the act includes the tax surcharge, Cambridge residents may not realize that they have...