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Committee receives CPA FY26 budget estimate of $1.82 million; refers to council
Summary
The Community Preservation Committee presented a FY26 budget estimate of $1,823,511 with recommended allocations (5% admin, 10% open space/recreation/historic/community housing, ~65% reserve); the finance committee referred the item to the full City Council for adoption.
Jan Bailey, representing the Community Preservation Committee, told the finance committee the FY26 CPA estimate is $1,823,511 and explained how the committee proposes to allocate funds across administration, open space/recreation, historic resources and community housing.
"What it is is we put up to 5% in the administrative funds... then we put 10% in open space recreation, historic resources, and community housing, and the rest of our money, which is about 65%, goes into the budget at reserve," Jan said while reviewing the FY26 breakdown. Councilors asked follow-up questions about the state match and whether the CP2 from the Department of Revenue had been received; Jan said the state match fluctuates with transfer-tax receipts.
Councilors voted to receive the report and refer the CPA FY26 budget to the full City Council for adoption; the committee recorded no further substantive changes to the allocation plan during the hearing.
