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or 19.8% of its surcharge. While higher than the initial estimates, the FYI state match received <br /> an increase due to the 2018 State Budget surplus of$10 million. If the surplus had not been <br /> allocated to the CPA Trust Fund then the state match would have been $669,247 or 14.37%, the <br /> lowest distribution since Lexington adopted the Community Preservation Act. Initial estimates <br /> from the Department of Revenue (DOR)projected this year's state match distribution at just <br /> 10%. <br /> Record of Lexington's CPA State Matching Funds <br /> (Source: Massachusetts Department ofRevenue) <br /> CPA STATE MATCHING FUNDS <br /> TO DATE <br /> FISCAL PERCENTAGE AMOUNT <br /> YEAR <br /> 2008 100.00 $2,556,362 <br /> 2009 69.40 $1,927,708 <br /> 2010 36.17 $1,060,390 <br /> 2011 28.22 $858,729 <br /> 2012 27.62 $885,463 <br /> 2013 27.79 $929,507 <br /> 2014 54.09 $1,932,347 <br /> 2015 32.56 $1,230,116 <br /> 2016 30.70 $1,229,774 <br /> 2017 21.30 $897,243 <br /> 2018 17.80 $789,905 <br /> 2019 19.80 $922,256 <br /> TOTAL ' : 11 <br /> The general decrease in state matching funds is due primarily to an increased number of <br /> communities passing CPA bylaws therefore competing for limited funds and stagnant recording <br /> fees collected at the State's Registries of Deeds. The current transaction fees have not been <br /> adjusted since the CPA was signed into law in 2000. In 2016, a record 16 communities in <br /> Massachusetts placed CPA adoption on their ballots. 11 of those communities voted during the <br /> November election to adopt the Community Preservation Act, including the cities of Boston and <br /> Springfield. While most of the adopting communities voted for just a 1% or 1.5% surcharge, the <br /> impact of these additional communities on future state disbursements will be seen in FY19. The <br /> FYI Trust Fund Distribution for the city of Boston totaled $3,612,857. The city of Boston <br /> collected a FYI CPA surcharge of$19,000,182. <br /> Lexington has benefitted from surplus transfers from the State budget to the CPA Trust Fund in <br /> previous fiscal years, including, as noted above, its share of$10 million from the FY18 State <br /> Budget surplus. Surplus funds often are not available, however, and the Trust Fund will continue <br /> to decline. The Governor of Massachusetts, Charlie Baker, speaking at a Massachusetts <br /> Association of Community Development Corporations (MACDC) Convention on October 20, <br /> 3 <br />