Recent Downward Trend in CPA Trust Fund Collections

Jan. 23, 2014: Although CPA Trust Fund collections have generally been stronger over the last year at the state's Registries of Deeds, the fund had a sharp decline in November and December collections. Click here to view a history of the CPA Trust Fund collections. 

A slowing in the real estate market over the past few months meant fewer transactions at the Registries of Deeds and, as a result, less revenue for the CPA Trust Fund. In November 2013, the fund received $2,286,0000, representing a -16.4% decrease from the previous November's collections. In December 2013, the Fund further declined with a total collection of $1,836,000, marking a -28% decrease from December 2012's amount.

Despite the trend, the Trust Fund could receive additional funding from the state budget surplus this year. As a result of the CPA legislation passed in July 2012, $25 million was transferred to the fund last year, and the Coalition will be advocating for a similar transfer this year.