The Act was question number one on the ballot and according to the latest poll results 43% of voters voted against the act while 32.4% of voters voted for it. The funds generated from the surcharge were to be used to pay for affordable housing and the preservation of historic and green space here. The bulk of the tax would have been paid by businesses because of the number of exemptions for homeowners and the commercial tax rate in the city. A coalition of business groups led by Fidelity Investments and including the National Association of Industrial and Office Properties, ran a campaign opposing the Act, emphasizing that with the downturn in the economy, this was not the time to be raising taxes.

A coalition of advocacy groups, including the Boston Preservation Alliance, the Massachusetts Affordable Housing Association, promoted the passage of the Act, emphasizing that it would raise $14 million in its first year, which would be matched by state funds. At the last minute, city Mayor Thomas M. Menino came out for the Act but that was apparently not enough to convince voters to open their wallets.

"It is disappointing," Patrice Todisco, executive director of the Boston GreenSpace Alliance, tells GlobeSt.com. "I thought the vote would be closer. I was surprised." Todisco says that it is unclear whether the coalition will try again to get the Act passed. "We tried in this cycle because it was a mayoral election," she points out. "I don't know what the next step will be. People need to remember that these issues aren't going to go way just because the CPA wasn't passed."