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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2018 ATM
<br /> reached 100% since FY2008. This year it is expected to be about 15%. When the distribution is less than
<br /> 100%, the State does a second round, and potentially third round, calculation to determine the final
<br /> supplemental funding for those communities that have adopted the maximum 3% surcharge, as Lexington
<br /> has.
<br /> For the past five years, the State has allocated additional funds to the CPATF if the State's prior-year's
<br /> budget ended with a surplus. However, the State's FY2016 & FY2017 budgets did not end with a surplus
<br /> so such additional funding did not occur in FY2017 and FY2018.
<br /> This table reflects Lexington's actual State, supplemental, receipts since adopting the CPA, along with a
<br /> projection for FY2019:
<br /> Prior-Year's CPA State Supplement Percentage
<br /> Year in which Surcharge Total Suppl
<br /> supplement received Collected 1st Round 2nd Round 3rd Round Total Amount
<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(Actual)2 $3,344,371 26.8% 0.6% 0.4% 27.8% $929,507
<br /> FY2014(Actual)3 $3,572,460 52.2% 1.1% 0.7% 54.1% $1,932,347
<br /> FY2015(Actual)4 $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)s $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 /> Total Actual: $37,882,214 Received to date: 37.7% $14,297,544
<br /> FY2019(Projected)e $4,613,000 TBD TBD TBD 14.9% $689,000
<br /> Totals including projected: $42,495,214 35.3% $14,986,544
<br /> 1 The"actuals"are the net amounts as used by the State;the"projected"is the Town's projection for the gross collection.
<br /> 2 The Total Suppl Amount includes$255 to correct an underpayment in FY2012 from an error with Phillipston's surcharge.
<br /> s The Total Suppl Amount reflects there was a$25 million addition to the State's CPA Trust Fund because the State finished
<br /> FY2013 with a surplus of at least that amount-thereby permitting the maximum amount authorized by the State Legislature to go
<br /> into that Fund.
<br /> a The Total Suppl Amount reflects there was a$11.4 million addition to the State's CPA Trust Fund because the State finished
<br /> FY2014 with a surplus of at least that amount-thereby permitting the maximum amount authorized by the State Legislature to go
<br /> into that Fund.
<br /> s The Total Suppl Amount reflects there was a$10 million addition to the State's CPA Trust Fund because the State finished
<br /> FY2015 with a surplus of at least that amount-thereby permitting the maximum amount authorized by the State Legislature to go
<br /> into that Fund.
<br /> 6 There was no State budget surplus from FY2016 so,while the State Legislature authorized for there to be up to a$10 million
<br /> addition if there were such a surplus,there was no subsequent State infusion into the State's CPA Trust Fund.
<br /> 7 There was no State budget surplus from FY2017 so,while the State Legislature authorized for there to be up to a$10 million
<br /> addition if there were such a surplus,there was no subsequent State infusion into the State's CPA Trust Fund.The Total Suppl
<br /> Amount includes a$168 deduction as an adjustment due to an update to FY2017 data after last year's distribution was made.
<br /> 8 The projected percentage does not include any increase that would result from the State deciding to continue to infuse the
<br /> State's CPA Trust Fund with additional funding from a prior-year budget surplus or a revision to the fees at the Registries of
<br /> Deeds.
<br /> The Community Preservation Coalition, of which Lexington is a member, is the organization that works
<br /> with municipalities in Massachusetts to encourage adoption of the CPA and lobbies State legislators to
<br /> increase funding of the CPATF. Rather than relying on future budget surpluses, "An Act To Sustain
<br /> Community Preservation" has been filed in the Massachusetts Legislature which calls for filing fees at the
<br /> Registries of Deeds to be set each year at a level sufficient to provide supplemental funding at a 50%
<br /> matching rate to each of the municipalities that have adopted the CPA. The three original sponsors in both
<br /> the House and Senate have been joined by 121 House members as co-sponsors, and the bill was reported
<br /> 7
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