The Plymouth Community Preservation Committee convened on November 14, 2024, to discuss budget allocations and project funding for the upcoming fiscal year. A key focus of the meeting was the requirement to set aside 10% of annual revenues for historic preservation, despite the absence of current historic projects.

Committee members agreed to allocate this 10% into a historic reserve fund, which will remain until a suitable project arises. This approach ensures compliance with funding regulations while allowing flexibility for future initiatives. The remaining annual revenues, estimated at around $750,000, will be placed into a budgeted reserve. This reserve can be utilized for potential projects submitted by the May deadline or to pay down existing debt if no projects are proposed.

The committee also discussed the possibility of using funds from the budgeted reserve for other priorities, including open space recreation and housing initiatives. Members expressed confidence in their ability to manage the budget effectively, with plans to finalize article language for the upcoming town meeting.

Looking ahead, the committee noted that they may not need to meet in December, as they have completed the necessary preparations for the annual town meeting. The next significant project on the horizon is the Training Green project, which is anticipated to require $700,000 in funding.

Overall, the meeting highlighted the committee's proactive approach to managing community preservation funds and preparing for future projects while ensuring compliance with state regulations.