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Funds from the statewide CPA Trust Fund were distributed to CPA communities at the match rate of 100% in each of the first six years of the program, from 2002 until 2007. Each distribution represented a 100% match of what communities raised through their local CPA surcharge during the previous fiscal year.
In 2008, the number of communities receiving matching funds reached 127. Due to the popularity of the program, the matching funds distribution on 10-15-2008 used, for the first time, the first and second round formula outlined in Section 10 of the CPA legislation. The percentage match varied by community, with the statewide average being a 73.73% match to the local surcharge revenue.
On 10-15-2009, 135 communities received a match, and for the first time, the Commissioner of Revenue implemented the discretionary third round match, in addition to the first and second round matches, outlined in Section 10 of the CPA statute. Again, the percentage match received varied by community, with the statewide average being 40.39% of local surcharge revenue collected.
Click below for information about the eight match rounds that have occurred so far under CPA.
For more information on how the state match works,
please check out our CPA calculator
or call us at 617-367-8998.
October 15, 2002 Distribution -
$17.8 million to 34 communities
October 15, 2003 Distribution - $27.1
million to 54 communities
October 15, 2004 Distribution - $30.8 million to 61 communities
October 15, 2005 Distribution - $46.3 million to 82 communities
October 15, 2006 Distribution - $58.6 million to 102 communities
October 15, 2007 Distribution - $68.1 million to 113 communities
October 15, 2008 Distribution - $54.6 million to 127 communities
October 15, 2009 Distribution - $31.5 million to 135 communities
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