Towns are set to receive millions in new tax revenue.
Let’s use it to invest in Cape Cod’s future.
Cape towns are poised to receive a once-in-a-generation revenue infusion due to the inclusion of short-term rentals in the new occupancy tax law. We share a belief that the future of Cape Cod depends heavily on town-directed infrastructure improvements and community investment for future economic stability and environmental improvement. Now is the perfect time for local governments to establish infrastructure banks and direct resources to long-term community investment.
We’ve created a blueprint for towns to set aside new money to pay for infrastructure and related costs that taxpayers would have to foot the bill for otherwise; and to ensure each town is a sustainable place to live, work, and visit in the future.
The Future Cape Cod Coalition members have come together to ask communities to adopt a model bylaw in 2019 creating a town-managed fund, which is controlled exclusively by each town for projects it chooses at its own discretion. It directs at least 50% of the local option rooms excise tax to Infrastructure and Community Investment Stabilization Fund for housing, wastewater, broadband, transportation, and competitive marketing of Cape Cod.
Like the Community Preservation Act (CPA) fund in each town, these infrastructure banks can make long-term investments without relying on property taxes – saving Cape Codders money.
We ask you to join us by signing the open letter so we don’t miss this once-in-a-generation opportunity to ensure new revenue is used for long-agreed-upon, yet chronically underfunded infrastructure and community investment that Cape Codders need to thrive, now and into the future.
Sign the Open Letter – Tell local officials: we need to invest in Cape Cod’s future! https://docs.google.com/forms/d/e/1FAIpQLSfCT-SpJY-Rum5IkPfyGDpmQ-eSmfWp2e-yZQTvnXpGnDmvDg/viewform