Press Release: 6/16/2025
CPA Trust Fund Trending Upwards in 2025
POSTED ON: JUNE 13, 2025 - 3:50PM
Each month, the Massachusetts Department of Revenue releases a report known as the “Blue Book,” which includes the latest data on statewide taxes and revenue - including monthly collections for the CPA Trust Fund. And while the Trust Fund experienced several years of declining revenue throughout the pandemic years, recent data indicates that this trend may be on the upswing. We are pleased to report that the Trust Fund has now experienced a three-month streak of year-to-year increases, and overall collections are currently 5% higher compared to this time last year.
Revenue collections for the CPA Trust Fund fluctuate due to a number of different factors, but one of the primary influences is real estate activity in Massachusetts. Because the Trust Fund primarily derives its revenue from document fees applied at the state’s Registries of Deeds, the state's struggling housing market has resulted in the CPA Trust Fund experiencing a corresponding decline. However, between March and May of this year, the Trust Fund has generated over $2 million more in revenue compared to the same period in 2024. The Department of Revenue released a projection earlier this year estimating a 16% base match for CPA communities in 2025 - but should this positive revenue trend continue through to November, it could ultimately bolster the upcoming distribution of funds to CPA municipalities and increase the final base match percentage.
The Coalition will continue to monitor the monthly collections for the Trust Fund leading up to this November's annual distribution, as well as report on any substantial trends that could affect the total funding available for CPA municipalities.
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