Local governments need additional capacity and partnerships to manage walkable, vibrant areas like downtowns or town centers. However, most cities and towns struggle to keep up with basic services and lack the ability to effectively develop, market, and govern these exciting places.
Community Benefit Districts (CBDs) are an additional tool for local stakeholders and municipalities to solve that problem.
CBDs are a local public/private/nonprofit partnership managed by a non-profit 501c3 entity, with sustainable funding through property tax assessments, income from their entrepreneurial activity and charitable contributions. We are advocating at the state level for adoption of a state enabling act that would allow for creation of CBDs.
- Legislation filed by Senator Donoghue and Representative Crighton
- CBD language included in FY 2018 budget but “hits snag” with Gov. Baker