DOR Issues Estimate for October 2012 Trust Fund Distribution

Mar.16, 2012: 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, 2012. DOR is estimating that the first round distribution will be 22% 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.