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Framingham finance subcommittee forwards FY2026 Community Preservation allocations after brief presentation
Summary
The finance subcommittee voted to reserve FY2026 Community Preservation Fund amounts after a presentation from the Community Preservation Committee detailing revenues, required set‑asides and administrative allocations.
Heather O'Donnell, the Community Preservation coordinator for the City of Framingham, told the finance subcommittee that Framingham's Community Preservation Funds come from three sources and outlined the FY2026 revenue and reserve plan. "Framingham's Community Preservation Funds are derived from 3 sources, local revenue collected from a 1% surcharge on real property taxes, an annual state match, and earnings and interest," O'Donnell said.
O'Donnell said the CPC expects $1,874,647 in local revenue…
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