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Liens on real estate transfer from seller to buyer, who then becomes responsible for paying the tax debt.
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Of the $5 million development rights purchase, 30percentt came from the town's real estate transfer tax, the remainder from Suffolk County's "greenways" funds.
But the real problem, he said, stems from lower revenue from real estate transfer taxes that are dedicated to the M.T.A. "Those taxes are tied to the health of the economy," he said, "and those revenues are down more than 50percentt so far this year".
But state housing officials stress that the Fairview money will come from the sale of bonds and from real estate transfer taxes, not the state Treasury.
That means that two bills extending some rights of married couples to domestic partners, including those regarding hospital visitation and medical decision-making and an exemption from real estate transfer taxes, will become law.
Among other issues, revenue from a real estate transfer tax plunged by 75percentt — leaving the authority scrambling to deal with a $1 billion drop in revenue.
The February 2008 Real Estate Transfer Tax Increase also drew opposition from Jackson and a small minority of aldermen.
If the heritage area is adopted, administration offices and staff workers would probably be supported with funds from the state real estate transfer tax.
Money for the preservation purchases, supporters of the referendums said, would come in part from a 2percentt real estate transfer tax approved by voters in both towns two years ago.
The CTA's tax revenues come largely from sales and real estate transfer taxes, which have been getting clobbered in this economy.
Mr. Avalos said he would earmark money from the city's newly increased real estate transfer tax to fill the budget gap and keep the gardeners employed.
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