Socioeconomic

 

 

County

Norfolk

School Structure

K-06

Form of Government

Town Administrator

Selectmen

Open Town Meeting

2006 Population

8,110

2007 Labor Force

4,803

2007 Unemployment Rate

5.6

1999 Per Capita Income

25,816

2006 Population Per Square Mile

733.3

2006 Housing Units Per Square Mile

281.3

2006 Road Miles

51.32

EQV Per Capita (2006 EQV/2006 Population)

144,259

Number of Registered Vehicles (January 2006)

8,989

Average Age of Vehicles (January 2006)

7.83

2006 Number of Registered Voters

5,262

 

 

Certification

 

 

 

Most Recent

2006

 

 

Next Scheduled

2009

 

 

 

Bond Ratings

 

 

Moody’s Bond Rating as of January 2008*

A2

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

2,636,183

General Government

1,317,992

Total Receipts

3,954,175

Total Assessments

433,420

Net State Aid

3,520,755

 

 

 

Fiscal Year 2008 Tax Classification

 

 

 

 

Tax Classification

Assessed Values

Tax Levy

Tax Rate

Residential

964,999,888

10,364,099

10.74

Open Space

0

0

0.00

Commercial

151,810,712

1,630,447

10.74

Industrial

49,797,300

534,823

10.74

Personal Property

24,463,110

262,734

10.74

Total

1,191,071,010

12,792,103

 

 

 

Fiscal Year 2008 Revenues by Source

 

 

 

 

Revenue Source

 

Percent of Total

Tax Levy

12,792,103

52.63

State Aid

5,140,302

21.15

Local Receipts

4,359,524

17.94

Other Available

2,013,007

8.28

Total

24,304,936

 

 

 

Fiscal Year 2008 Proposition 2˝ Levy Capacity

 

 

New Growth

213,388

 

Override

0

 

Debt Exclusion

1,090,884

 

Levy Limit

12,793,321

 

Excess Capacity

1,218

 

Ceiling

29,776,775

 

Override Capacity

18,074,338

 

 

 

Other Available Funds

           

7/1/2007
Free Cash

FY2007
Stabilization Fund

FY2008
Overlay Reserve

190,970

1,945,135

209,101

 

 

 

 

 

 

 

Fiscal Year 2008 Average Single Family Tax Bill**

 

 

Number of Single Family Parcels

1,863

Assessed Value of Single Family

384,290

Average Single Family Tax Bill

4,127

 

State Average Single Family Tax Bill

 

 

Fiscal Year 2005

3,588

Fiscal Year 2006

3,801

Fiscal Year 2007

3,962

 

Plainville 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

20,057,273

2,837,474

517,175

371,719

161,683

23,945,324

Expenditures

21,806,536

1,838,967

92,091

363,796

29,364

24,130,754

   Police

1,293,221

0

0

0

0

1,293,221

   Fire

1,334,751

0

0

0

0

1,334,751

   Education

10,810,793

820,989

20,057

0

0

11,651,839

   Public Works

918,398

727,199

72,034

0

0

1,717,631

General Fund  Debt Service

2,510,414

 

 

 

 

2,510,414

   Health Ins

1,394,988

0

0

0

0

1,394,988

   Pension

590,428

0

0

0

0

590,428

   All Other

2,953,543

290,779

0

363,796

29,364

3,637,482

 

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