November 2017 Statewide Trust Fund Distribution Announced

November 15, 2017: The Massachusetts Department of Revenue (DOR) today released the Community Preservation Trust Fund distribution for each CPA municipality. In total, just over $24 million was paid to the 162 communities eligible for a distribution. All CPA communities received a 17.2% match on round one of the trust fund distribution this year. Communities that adopted CPA with a full 3% local property tax surcharge received a higher percentage. 

Please note: DOR has notified the Coalition of the following details regarding this year's distribution figures:
  • The official CPA Trust Fund figures contain an error resulting in an over-payment to the town of Littleton. This does not affect the payment amounts for any other communities.
  • The final CPA Trust Fund distribution amount for most communities received a slight downward adjustment. This is due to an update to FY2017 data after last year's distribution was made. The maxium adjustment was just $368, so the amounts for each community were quite small.

DOR has also pointed out that funding for this year's trust fund distribution comes solely from the recording fees collected at the state's Registries of Deeds. According to a report from the State Comptroller, the FY17 state budget ended with a $0 balance. The lack of a budget surplus means that the CPA Trust Fund did not receive the $10 million transfer that was included in the FY17 state budget.

Click on the links below for details on this year's distribution and to view the specific distribution amounts for each community:

> SPREADSHEET: Click here for the CPA Trust Fund distribution amount for each municipality <

>> PDF VERSION: Click here for the CPA Trust Fund distribution amount for each municipality <<

 PLEASE NOTE:  When downloading the above spreadsheet, some users of Internet Explorer have reported that a dialog box appears asking for a user name and password.  If this occurs, hit "cancel" and be patient while the spreadsheet downloads.  Users of Firefox, Chrome, and Safari have reported no such issue.  

 For the PDF vesion, you may have to zoom in considerably after downloading in some browsers. 

Statistics From This Year's Distribution: 

  • Total municipalities qualifying for a trust fund distribution on November 15, 2017: 162
  • Match percentage received by municipalities with a CPA local property tax surcharge of less than 3%: 17.2% 
  • Match percentage received by municipalities with the maximum CPA local property tax surcharge of 3%:  Range of 17.5% to 100% 
  • Number of municipalities receiving a full 100% match: 4 (Goshen, Pelham, Phillipston, & Royalston)
  • Total payout in first round distribution: $20,803,253
  • Total payout in second round distribution: $2,052,320
  • Total payout in third round distribution: $1,187,216
  • Total payout for all rounds: $24,046,881

Further Resources...

>> Month-to-month CPA Trust Fund collections at the state's Registries of Deeds

>> To determine the exact distribution each community receives, DOR follows a formula in the CPA legislation that calls for up to three rounds of trust fund distributions. Click here to learn more about how the statewide trust fund distribution works.