Anyway, the State says they'll match only 29 cents for every local dollar of CPA money collected this year. Amherst rejected an increase in the CPA tax last year; if we had voted for the increase, we would be eligible for "round 2" funding, which made me wonder: what is the 2009 match going to be for the round-2-eligible towns?
Simple question, right? Ummm, no:
...all CPA communities received a first round match of 67.62% for the October 2008 distribution. In addition, the 71 communities that adopted CPA with the full 3% surcharge received additional funding in the second round distribution. The percentage match for those communities ranged from 68% to 100%.So some of those communities received almost no extra matching funds, and some received a bunch. Based on a really... interesting... formula that depends on population and property values.
Amherst does OK in the formula ("decile 4 -- 110% of base match"; same as Deerfield and Dunstable). Playing with the Department of Revenue spreadsheets, I can see what would've happened if Amherst was eligible last year for the round 2 funding. We woulda got $470,000 in round 1 funding, and $110,000 in round 2 funding from the State -- an 80% match.
For 2009, it looks like the State match numbers will be roughly half-- less revenue plus more communities participating means less money from the State. So if we'd voted to raise our CPA taxes to 3% we'd tax ourselves about $700,000, get about $200,000 in round 1 funding and about $50,000 in round 2 funding-- a 35% state match instead of the 29% we're gonna get.
I think Amherst voters did the right thing.