The Community Preservation Act (CPA) is a smart growth tool that allows Massachusetts cities and towns to establish a local fund for the preservation and improvement of their community's character and quality of life. Community Preservation monies are raised locally through the imposition of a surcharge of three percent or less on real property, and municipalities must adopt the CPA by ballot referendum.
Community Preservation funds may only be used for the following purposes:
- Acquisition, creation, and preservation of open space or outdoor recreational facilities
- Acquisition, creation, and preservation of historic resources
- Acquisition, creation, and preservation of low- and moderate-income housing
Weymouth adopted the CPA in November 2005. The Town's Community Preservation Fund collects a one percent surcharge on real property with exemptions provided for income-qualified homeowners and for the first $100,000 of residential property value. As a CPA community, Weymouth also receives an annual match disbursement through the Massachusetts Statewide CPA Trust Fund for all Community Preservation funds collected locally.