From Barnstable County · March 22, 2024
On March 22, 2024, the board that oversees the Cape Cod and Islands Water Protection Fund voted to change how it delivers its 25 percent subsidy for wastewater projects on MassDEP’s Clean Water Intended Use Plan. Rather than reducing loan principal at the outset, the fund will now cover its share in installments over the life of each loan, paid as the town’s principal payments come due. The change applies starting with projects on the 2023 plan, and the board said it lets the fund keep supporting local projects without needing extra state money.
At the same meeting the board approved subsidies for 13 projects in eight Cape towns on the 2024 plan. The fund, set up in 2018 and supported by a 2.75 percent excise on hotel and short-term rental stays, had committed about $204 million by then, while the draft 2024 plan listed nearly $300 million in Cape projects.
This is CPWB’s summary of an official announcement. The full text is published by Barnstable County.
Drafted with AI assistance from the linked source.
