CPA trust fund news

moneyLocal CPA revenue is matched at some level by the state. The state match comes from the CPA trust fund. Money in the trust fund comes from transaction fees at the Registry of Deeds. In recent years the state match has dropped due to more towns adopting CPA and fewer fees from real estate transactions. Last year the state legislature transferred $25M from the state budget surplus into the CPA trust fund.

This effectively doubled the state match for Middleboro

The Community Preservation Coalition is asking CPA supporters to contact their state senator:

The Senate is deciding on their budget priorities right now, so we need to remind them of the need for the $25 million. Please contact your State Senator, thank them for their past support and remind them how important CPA is to your community. Ask them if they support the transfer of $25 million from the FY14 state budget surplus to the CPA Trust Fund, and let us know what they say.

Click here to contact your State Senator