DOR releases updated FY11 trust fund distribution projection

3/16/2010: The Massachusetts Department of Revenue (DOR) has issued an updated estimate for the  October 2010 CPA Trust Fund distribution.  The DOR is estimating the first round distribution will be between 31% and 32% of the amount that communities raised from their FY10 CPA local surcharge.

This projection is slightly higher than DOR's previous estimate of 28%, due to the fact that CPA revenues collected at the Registry of Deeds are up from last year. Click here for an explanation of the formula used to distribute CPA trust fund payments.