LETTER: Town Does Not Need CPA, Should Be Able to Pay for Projects With Budget

Dear Watertown Friends and Neighbors,

Watertown is a well-run Town which is financially on stable ground with a 130 MILLION DOLLAR ANNUAL BUDGET to operate the 4.2 square miles which we call home. In the past decade we have built, or renovated, most our public buildings including the Police, Fire, DPW and Library. Our bond rating is among the best in the State of Massachusetts which allows our Town to borrow money at the lowest interest rates available. There is a lot to be happy about from a fiscal viewpoint and I applaud the elected officials and Town Employees who are responsible for that outcome. Unfortunately, proponents of the CPA, including five of our Town Councilors (Palomba, Dushku, Feltner, Falkoff and Woodland) don’t think that is good enough.

UPDATED: See Where the Money is Coming From for the Pro & Con CPA Campaigns

Signs have popped up around Watertown this fall, literature has arrived in the mail, and ads have appeared in newspapers and online, all regarding Watertown’s Question 5 – whether the town should adopt the Community Preservation Act. The CPA would add a 2 percent surcharge to local property taxes, both residential and commercial, to create a fund for affordable housing, open space and recreation, and historic preservation and the town would receive some matching fund from the state. (See more information here.)

Like most town elections, the majority of the funding comes from people and groups in Watertown, but some has come from groups based out of town and even out of state. In the campaign finance report filed by Invest in Watertown, the backers of the Yes on 5 campaign, 26 Watertown residents contributed along with Newton-based Metro West Collaborative Development (which gave $500), whose executive director lives in Watertown and works to build and create affordable housing in communities west of Boston. In total, the group raised $9,822.

LETTER: Watertown Can Benefit from CPA, Like Its Neighbors Have

To the Editor:

I hope Watertown voters will vote yes on Question Five to join the 161 other Massachusetts Communities, including our abutting neighbors in Waltham, Belmont, Newton and Cambridge, that have adopted the CPA. Watertown residents have contributed over $2 million to this fund for more than the past 12 years and have helped lots of other communities. While I like these other towns and cities, and in fact I represented all or part of every one of the above listed communities in the legislature, I would like to see Watertown benefit like other communities have! In fact, the CPA has been so successful that NOT ONE community out of 161 has ever repealed it. There is a cost of approximately ten dollars per month for the average homeowner, with exemptions for low and moderate income folks, but the state provides matching fund of varying percentages thereby making it a good deal for communities.