Preservation Funds find Projects to Support in Newburypot

The Newburyport Daily News recently reported that three projects are in line to receive partial funding through community preservation funds, which come from a 2 percent surcharge levy on real estate taxes and are dispersed by city officials each year.

This year the money will mostly go towards housing projects, but is also allowed to fund projects of historic preservation, open space, and recreation. City Councilor Barry Connell expressed concerns that too much money is going towards housing. "This isn't the first time I've said this," Connell said. "But when this Community Preservation Act was passed (in 2002), the driving force was recreation."

The YMCA will be receiving $50,000 for a project that includes the construction of five units at its Market Street location.  The Newburyport Housing rehabilitation Program will receive $75,000 that will aid 10 housing projects, and the Department of Public Services, Water Division, is looking to receive money for re-panting the Rawson Hill water storage tank.

Read the entire Newburyport Daily News article.