Early Signs Point to a Healthy CPA Trust Fund in 2021

This past November, the state distributed over $55 million from the CPA Trust Fund to communities, and for most municipalties this resulted in the third straight year of increased matching funds. This record high amount was possible because of legislation that was passed to increase the CPA revenue stream. And the good news is, recent trends point towards a 2021 distribution that should be just as rewarding.

Because the new fee schedule for the CPA Trust Fund went into effect on December 30th, 2019, the most recent distribution only included 10 months of revenue at the increased level. November of 2021 will include all 12 months of collections at the increased level, and recent reports already indicate that this will result in a great match for communities. Earlier this month State House News reported that home sales in the state have hit a 16-year high - and when the real estate market is thriving, so does the CPA Trust Fund. Evidence of this can be seen at our monthly CPA collections page: the revenue from the Registries of Deeds for November and December are 179% higher than they were last year under the old fee schedule.

The Coalition will continue to report on these trends throughout the year, but municipalities should have plenty to look forward to in the coming months.