How Would Shelburne Fund Our CPA?
Shelburne's CPA would be funded by two sources:
#1 - The Town of Shelburne
Money raised from a surcharge on property tax bills. The Shelburne Annual Town Meeting decided to set the surcharge level for the Town at 3% which allows us to maximize the MATCH we will receive from the Commonwealth.
We keep this money in Shelburne!
#2 - The Commonwealth of Massachusetts
Each year, the Commonwealth MATCHES our local dollars from the CPA Trust Fund. These funds come from fees paid to the Regtistry of Deeds for real estate transactions. Once we receive our MATCH, it stays in Shelburne until we spend it!