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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2023 ATM
<br /> Year in which Prior-Year's CPA State Supplement Percentage Total
<br /> Surcharge supplement Supplement
<br /> received Collected 1st Round 2nd Round 3rd Round Total Amount TSA
<br /> FY2008 Actual $2,556,362 100.0% N/A N/A 100.0% $2,556,362
<br /> FY2009 Actual $2,777,882 67.6% 1.8% N/A 69.4% $1,927,708
<br /> FY2010 Actual $2,931,678 34.8% 0.9% 0.5% 36.2% $1,060,390
<br /> FY2011 (Actual) $3,042,587 27.2% 0.6% 0.4% 28.2% $858,729
<br /> FY2012 (Actual) $3,206,117 26.6% 0.6% 0.4% 27.6% $885,463
<br /> FY2013 Actual2 $3,344,371 26.8% 0.6% 0.4% 27.8% $929,507
<br /> FY2014 Actual $3,572,460 52.2% 1.1% 0.7% 54.1% $1,932,347
<br /> FY2015 Actual4 $3,777,676 31.5% 0.7% 0.4% 32.6% $1,230,116
<br /> FY2016 (Actual)5 $4,012,883 29.7% 0.6% 0.4% 30.7% $1,229,774
<br /> FY2017 (Actual)6 $4,217,305 20.6% 0.4% 0.3% 21.3% $897,243
<br /> FY2018 Actual 7 $4,442,893 17.2% 0.4% 0.2% 17.8% $789,905
<br /> FY2019 Actual8 $4,659,786 19.0% 0.5% 0.3% 19.8% $922,256
<br /> FY2020 Actuals $4,911,223 23.9% 0.6% 0.4% 24.8% $1,219,950
<br /> FY2021 (Actual) $5,214,556 28.6% 0.7% 0.4% 29.7% $1,549,955
<br /> FY2022 (Actual)10 $5,492,511 39.4% 0.9% 0.6% 45.5% $2,500,261
<br /> FY2023 (Actual)" $5,815,118 38.5% 0.9% 1 0.6% 40.0% $2,323,956
<br /> Total Actual: $63,975,408 Received to date: 35.7% $22,813,922
<br /> FY2024 (Projected)12 $5,950,000 TBD TBD TBD 30.0% $1,785,000
<br /> otals including ro'ected: $69,925,408 35.2% $24,598,922
<br /> 1 The "actuals"are the net amounts as used by the State; the "projected" is the Town's projection for the net
<br /> collection.
<br /> 2 The TSA includes $255 to correct an underpayment in FY2012 from an error with Phillipston's surcharge.
<br /> 3 TSA reflects additional supplement as $25 million added to the State's CPA Trust Fund as State finished
<br /> FY2013 with a surplus permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br /> 4 TSA reflects additional supplement as $11.4 million added to the State's CPA Trust Fund as State finished
<br /> FY2014 with a surplus permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br /> 5 TSA reflects additional supplement as $10 million added to the State's CPA Trust Fund as State finished
<br /> FY2015 with a surplus permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br /> 6 There was no State budget surplus from FY2016 so, while the State Legislature authorized up to a$10 million
<br /> addition from any surplus, there was no subsequent State infusion into the State's CPA Trust Fund.
<br /> 7 TSA includes $168 deduction due to an update to FY2017 data after last year's distribution was made.
<br /> 8 TSA reflects additional supplement as $10 million added to the State's CPA Trust Fund as the State finished
<br /> FY2018 with a surplus permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br /> 9 TSA reflects additional supplement as $20 million added to the State's CPA Trust Fund as the State finished
<br /> FY2019 with a surplus permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br /> 10 TSA reflects additional supplement as $10 million added to the State's CPA Trust Fund as the State finished
<br /> FY2021 with a surplus permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br /> 11 TSA reflects additional supplement as $20 million added to the State's CPA Trust Fund as the State finished
<br /> FY2022 with a surplus permitting the maximum amount authorized by the State Legislature to go into that Fund.
<br /> 12 Not included would be any further increase resulting from the State deciding to infuse the State's DPA Trust
<br /> Fund with additional funding from a prior-year budget surplus, if any.
<br /> The funds available for these State supplements are taken from a surcharge on the transaction fees charged
<br /> by the State's Registries of Deeds. The FY2020 Massachusetts Budget provided for increases in registry
<br /> fee surcharges which fund the CPATF. As no further increase in the rates is currently projected, the
<br /> supplements will vary from year to year with the level of activity at those Registries. For some previous
<br /> years,the State had allocated additional funds to the CPATF if the State's prior-year's budget ended with
<br /> a surplus. However,the State's budgets did not always end with a surplus. (See the footnotes to the above
<br /> table.)
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