DOR Issues Estimate for October 2011 Trust Fund Distribution

3/9/2011: The Massachusetts Department of Revenue (DOR) has released a projection of the first round CPA Trust Fund distribution that communities can expect to receive on October 15, 2011. DOR is estimating that the first round distribution will be 25% of the amount that communities raise from their local CPA surcharge.

Cities and towns that have adopted CPA at the full 3% local surcharge will receive additional funds on the second and third distribution rounds, however it is still too early to estimate these distribution amounts.

For the full text of DOR's announcement and more information, click here.