2016-12-00 Community Preservation Plan: A Needs Assessment.rpt

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matching funds is due primarily to an increased number of communities passing CPA by-laws therefore competing for limited funds. Lexington's FY17 state match totals $897,243, or 21.3% of its surcharge. Initial estimates from the Department of Revenue (DOR) projected this year's state match distribution at just 19%. While slightly higher than the initial estimates, the FYI state match is substantially lower than the previous year's distribution. Record of Lexington's CPA State Matching Funds (Source: Massachusetts Department of Revenue) CPA STATE MATCHING FUNDS TO DATE FISCAL PERCENTAGE AMOUNT YEAR 2008 100.00 $2,556,362 2009 69.40 $1,927,708 2010 36.17 $1,060,390 2011 28.22 $858,729 2012 27.62 $885,463 2013 27.79 $929,507 2014 54.09 $1,932,347 2015 32.56 $1,230,116 2016 30.70 $1,229,774 2017 21.30 $897,243 During the last three consecutive fiscal years, Lexington has benefitted from surplus transfers from the state budget to the CPA Trust Fund. The FY 16 budget authorized the transfer of $10 million from the FY 15 budget surplus, the FY 15 budget authorized the transfer of $11.4 million from the FY14 budget surplus and the FYI budget authorized the transfer of $25 million from the FY13 budget surplus. In July 2016, Governor Baker signed the fiscal year 2017 state budget which authorized the transfer of $10 million from the FY 16 budget surplus, marking the fourth year the state budget included a surplus transfer to the trust fund. Unfortunately, the FY16 state budget ultimately closed with a $0 balance, therefore eliminating the possibility of the $10 million transfer to the trust fund. In 2016, a record 16 communities in Massachusetts placed CPA adoption on their ballots. 11 of those communities voted during the November election to adopt the Community Preservation Act, including the cities of Boston and Springfield. While most of the adopting communities