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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 for FY2026, a state match estimated at 15.9% ("$299,930," she said, citing the Department of Revenue), and $199,547 in interest and earnings, producing total available funds of $2,374,124. She told the committee the CPC is reserving the mandated minimum 10% for each of the three categories — open space and outdoor recreation, historic preservation, and community housing — which equals $237,412 per category; the committee also set aside the full 5% administrative cap, $118,706, and placed $1,543,182 into budgeted reserves.
The finance subcommittee voted to "vote the following amounts to be reserved" from the FY2026 Community Preservation Fund, with roll-call yes votes recorded for Councilor Malek, Councilor Cannon, Councilor Steiner and Councilor Alexander; the motion carried. No amendments or alternative allocations were recorded during the committee discussion.
The CPC presentation noted that the FY2026 budget did not include an existing CPC fund balance of about $2,000,000 carried over from prior years and available for future projects. "Those funds can be used for any projects in any of the categories," O'Donnell said.
The committee did not take further action on specific project appropriations; committee members indicated the FY2026 reserved amounts would enable the CPC and council to consider individual project applications later in the budget cycle.
The finance subcommittee then resumed broader budget work, and the CPC presenters left the meeting after answering committee questions.
