The CPA is a state law passed in 2000 that allows Massachusetts communities to conduct a referendum to add a small surcharge on local property tax between 1-3%. When combined with the matching funds from the Community Preservation Trust Fund, this fund is dedicated to improving cities and towns that have adopted the CPA. As of November 2023, over 3.4 billion dollars have been raised statewide for community preservation.
Natick Community Preservation Act
In the Fall 2022 Town Meeting, Natick adopted the Community Preservation Act (CPA) M.G.L c. 44B to demonstrate the Town’s commitment to open space, historic preservation, and housing development. As approved by the Town Meeting, the local funding source for the Act in Natick will be the surcharge of 1% on the annual property tax bill assessed on property starting July 1, 2023.
The Community Preservation Act requires that at least 10% of the CPA funds collected per fiscal year+ State match be spent or reserved for the CPA's three main purposes: Open Space/ Recreation, Historic Preservation, and Community Housing each while the additional 70% can be spent or saved for unspecified future projects.