Socioeconomic

 

 

County

Norfolk

School Structure

K-12

Form of Government

Town Manager

Selectmen

Open Town Meeting

2006 Population

16,274

2007 Labor Force

9,180

2007 Unemployment Rate

4.3

1999 Per Capita Income

32,294

2006 Population Per Square Mile

810.5

2006 Housing Units Per Square Mile

313.7

2006 Road Miles

98.70

EQV Per Capita (2006 EQV/2006 Population)

166,725

Number of Registered Vehicles (January 2006)

18,282

Average Age of Vehicles (January 2006)

7.7

2006 Number of Registered Voters

11,098

 

 

Certification

 

 

 

Most Recent

2007

 

 

Next Scheduled

2010

 

 

 

Bond Ratings

 

 

Moody’s Bond Rating as of January 2008*

Aa3

S & P Bond Rating as of January 2008*

 

 

 

*Blank indicates the community has not been rated by the bond agency.

 

 

Fiscal Year 2008 Estimated Cherry Sheet Aid

 

 

Education Aid

8,023,590

General Government

2,147,566

Total Receipts

10,171,156

Total Assessments

1,780,117

Net State Aid

8,391,039

 

 

 

Fiscal Year 2008 Tax Classification

 

 

 

 

Tax Classification

Assessed Values

Tax Levy

Tax Rate

Residential

2,100,175,015

22,366,864

10.65

Open Space

0

0

0.00

Commercial

432,516,525

4,606,301

10.65

Industrial

82,073,500

874,083

10.65

Personal Property

66,368,340

706,823

10.65

Total

2,681,133,380

28,554,071

 

 

 

Fiscal Year 2008 Revenues by Source

 

 

 

 

Revenue Source

 

Percent of Total

Tax Levy

28,554,071

54.54

State Aid

10,337,416

19.74

Local Receipts

10,139,158

19.36

Other Available

3,327,951

6.36

Total

52,358,596

 

 

 

Fiscal Year 2008 Proposition 2˝ Levy Capacity

 

 

New Growth

449,023

 

Override

0

 

Debt Exclusion

1,853,044

 

Levy Limit

28,561,124

 

Excess Capacity

7,053

 

Ceiling

67,028,335

 

Override Capacity

40,320,255

 

 

 

Other Available Funds

           

7/1/2007
Free Cash

FY2007
Stabilization Fund

FY2008
Overlay Reserve

3,524,196

2,936,437

375,456

 

 

 

 

 

 

 

Fiscal Year 2008 Average Single Family Tax Bill**

 

 

Number of Single Family Parcels

4,092

Assessed Value of Single Family

415,383

Average Single Family Tax Bill

4,424

 

State Average Single Family Tax Bill

 

 

Fiscal Year 2005

3,588

Fiscal Year 2006

3,801

Fiscal Year 2007

3,962

 

Foxborough issues property tax bills Semi-Annually.

 

**For the communities granting residential exemptions, DLS does not collect enough information to calculate an average single-family tax bill.  In FY08 those communities are Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett, Malden, Marlborough, Nantucket, Somerville, Somerset, Tisbury, Waltham and Watertown.  Therefore, the average single-family tax bill information in this report will be blank.

 

Fiscal Year 2007 Schedule A – Actual Revenues and Expenditures

 

 

 

 

 

 

 

 

General Fund

Special Revenue

Capital Projects

Enterprise Funds

Trust Revenue

Total All Funds

Revenues

43,891,172

6,193,007

0

4,845,263

10,876,484

65,805,926

Expenditures

40,496,536

5,309,327

9,734,117

4,131,881

10,771,734

70,443,595

   Police

2,557,679

0

0

0

0

2,557,679

   Fire

2,384,447

0

0

0

0

2,384,447

   Education

24,413,040

3,347,834

0

0

0

27,760,874

   Public Works

1,823,546

0

137,864

3,196,307

0

5,157,717

General Fund  Debt Service

2,109,531

 

 

 

 

2,109,531

   Health Ins

0

0

0

0

0

0

   Pension

1,594,152

0

0

0

0

1,594,152

   All Other

5,614,141

1,961,493

9,596,253

935,574

10,771,734

28,879,195

 

This data only represents the revenues and expenditures occurring in these funds and does not reflect any transfers to or from other funds.  Therefore, this data should not be used to calculate an ending fund balance.

 

Total Revenues and Expenditures Per Capita

 

 

 

 

 

 

 

 

General Fund

Special Revenue

Capital Projects

Enterprise Funds

Trust Revenue

Total All Funds

Revenues