March 7, 2013

During FY2013, 148 cities and towns collected the local Community Preservation Act (CPA) surcharge and are eligible for state matching grants in FY2014.  The Division of Local Services (DLS) estimates that the balance in the state trust fund will be sufficient to provide a first round match of 26% of the surcharge levied by each city and town. 

Please note that this estimate does not include the potential impact of Section 155 of Chapter 139 of the Acts of 2012 that transfers up to $25 million from the state’s FY2013 surplus to the state trust fund at year end.  The amount of any additional funding will not be known until the state’s books are closed in the fall.  Amendments to the Community Preservation statute (Chapter 44B), also push back the distribution date of the state payments from October 15th to on or before November 15th, to allow time for closing the state’s books.  If additional state funding is available, communities may use this on their FY2014 tax rates, provided that it has been appropriated or reserved by city council or town meeting action prior to the setting of the tax rate.

In FY2014, there will be equity and surplus distributions for those cities and towns that have adopted the maximum 3% surcharge.  With these additional distributions, the total state reimbursement for qualifying cities and towns will increase, depending on their decile and total surcharge amount (link to decile report xls format of CPA Decile Report FY2014 ).   The above estimates are subject to change depending on Registry of Deeds collections between now and October.   

For purposes of completing schedule A-4, part 1a, state trust fund distribution, the Bureau will accept no amount greater than 26% of the FY2013 net (after abatements) surcharge committed unless:

  • the actual FY2014 distribution calculated and published by DLS (by law no later than November 15) shows a greater amount; or
  • reasonable supporting documentation submitted can support a greater amount.

 

March 12, 2012

During FY2012, 147 cities and towns collected the local Community Preservation Act (CPA) surcharge and are eligible for state matching grants in FY2013.  DLS estimates that the balance in the state trust fund will be sufficient to provide a first round match of 22% of the surcharge levied by each city and town.  This will trigger an equity and surplus distribution for those cities and towns that have adopted the maximum 3% surcharge.  With these additional distributions, the total state reimbursement for qualifying cities and towns will increase, depending on their decile and total surcharge amount (see CPA Ranking used in Equity Distribution xls format of CPA Decile Report for applicable FY2012 decile).  Please note that these estimates are subject to change depending on Registry of Deeds collections between now and September.

 

March 8, 2011:

During FY2011, 143 cities and towns collected the local Community Preservation Act (CPA) surcharge and are eligible for state matching grants in FY2012. The Division of Local Services (DLS) estimates that the balance in the state trust fund will be sufficient to provide a first round match of 25 percent of the surcharge levied by each city and town. This will trigger a second round or equity distribution for those cities and towns that have adopted the maximum three percent surcharge. With the equity distribution, the total state reimbursement for qualifying cities and towns will increase, depending on their decile and total surcharge amount (see cparank11.xls xls format of Community Preservation Act (CPA) Decile Report for applicable decile). Please note that these estimates are subject to change depending on Registry collections between now and September.

 

March 8, 2011:

CPA ranking used in Equity Distribution xls format of Community Preservation Act (CPA) Decile Report