What Projects Could Shelburne's CPA Fund?
CPA communities must spend, or set aside for future spending, a minimum of 10% of the total annual CPA revenues for each of three categories:
1. Open Space and/or Recreation
2. Historic Preservation
3. Community Housing
The remaining 70% of the annual CPA revenues can be used for any allowable project in any of
the above CPA categories.
CPA funds do not have to be spent each year. Shelburne can "bank" the funds
to help pay for larger projects in the future.