DOR Issues Estimate for Fall 2022 CPA Trust Fund Distribution

The Department of Revenue (DOR) has released its CPA estimate for municipalities, projecting a 35% base match for the November 2022 first round CPA Trust Fund distribution.

How should communities use this information to finalize their FY23 CPA budget?

Communities with a local surcharge LESS THAN 3%:

When preparing their FY23 CPA budget, these communities should use the 35% figure to estimate their November 2022 trust fund distribution. To calculate the dollar figure for your community's trust fund distribution, multiply your FY22 estimated local revenue by 35%.

Cities and towns with a local surcharge of 3%:

In addition to the 35% match on round one, these communities will receive additional funding in rounds two and three of the CPA Trust Fund distribution (called the "equity" and "surplus" rounds by DOR). Consult with your DOR field representative and/or your municipal finance officials for assistance with estimating your total FY23 trust fund revenue.

For additional information regarding the CPA budget process, click here to read our technical assistance article.

Full Text of the November 2022 CPA Projection from the MA Department of Revenue

FY2023 Community Preservation State Match Estimate – April 11, 2022

Trust fund revenues are generated by real estate transactions as recorded at the Registry of Deeds.  Based on an estimate of the trust fund balance and the amount of local surcharges committed we anticipate a base state match of 35% in November 2022.