Socioeconomic

 

 

County

Bristol

School Structure

K-12

Form of Government

Town Administrator

Selectmen

Open Town Meeting

2006 Population

13,648

2007 Labor Force

7,556

2007 Unemployment Rate

6.8

1999 Per Capita Income

24,058

2006 Population Per Square Mile

745.0

2006 Housing Units Per Square Mile

270.0

2006 Road Miles

107.04

EQV Per Capita (2006 EQV/2006 Population)

156,806

Number of Registered Vehicles (January 2006)

16,879

Average Age of Vehicles (January 2006)

8.9

2006 Number of Registered Voters

9,021

 

 

Certification

 

 

 

Most Recent

2006

 

 

Next Scheduled

2009

 

 

 

Bond Ratings

 

 

Moody’s Bond Rating as of January 2008*

 

S & P Bond Rating as of January 2008*

A

 

 

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

 

 

Fiscal Year 2008 Estimated Cherry Sheet Aid

 

 

Education Aid

4,220,234

General Government

1,727,312

Total Receipts

5,947,546

Total Assessments

302,881

Net State Aid

5,644,665

 

 

 

Fiscal Year 2008 Tax Classification

 

 

 

 

Tax Classification

Assessed Values

Tax Levy

Tax Rate

Residential

1,818,971,818

16,334,367

8.98

Open Space

0

0

0.00

Commercial

429,241,982

8,623,471

20.09

Industrial

40,311,200

809,852

20.09

Personal Property

58,736,383

1,180,014

20.09

Total

2,347,261,383

26,947,704

 

 

 

Fiscal Year 2008 Revenues by Source

 

 

 

 

Revenue Source

 

Percent of Total

Tax Levy

26,947,704

65.14

State Aid

8,243,128

19.93

Local Receipts

4,555,456

11.01

Other Available

1,622,723

3.92

Total

41,369,011

 

 

 

Fiscal Year 2008 Proposition 2˝ Levy Capacity

 

 

New Growth

553,842

 

Override

0

 

Debt Exclusion

1,519,756

 

Levy Limit

26,970,992

 

Excess Capacity

23,288

 

Ceiling

58,681,535

 

Override Capacity

33,269,679

 

 

 

Other Available Funds

           

7/1/2007
Free Cash

FY2007
Stabilization Fund

FY2008
Overlay Reserve

1,453,148

2,196,435

330,587

 

 

 

 

 

 

 

Fiscal Year 2008 Average Single Family Tax Bill**

 

 

Number of Single Family Parcels

4,627

Assessed Value of Single Family

360,611

Average Single Family Tax Bill

3,238

 

State Average Single Family Tax Bill

 

 

Fiscal Year 2005

3,588

Fiscal Year 2006

3,801

Fiscal Year 2007

3,962

 

Seekonk issues property tax bills Quarterly.

 

**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

36,553,903

2,910,599

6,000

859,901

158,940

40,489,343

Expenditures

35,779,781

2,405,258

78,768

862,280

401,520

39,527,607

   Police

2,321,624

0

0

0

0

2,321,624

   Fire

1,433,565

0

0

0

0

1,433,565

   Education

17,649,764

1,896,193

78,768

0

0

19,624,725

   Public Works

887,860

113,981

0

0

0

1,001,841

General Fund  Debt Service

4,091,791

 

 

 

 

4,091,791

   Health Ins

3,569,407

0

0

0

0

3,569,407

   Pension

1,373,527

0

0

0

0

1,373,527

   All Other

4,452,243

395,084

0

862,280

401,520

6,111,127

 

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

2,678.3

213.3

0.4

63.0

11.6

2,966.7

Expenditures

2,621.6

176.2

5.8

63.2

29.4

2,896.2

 

 

If you have questions regarding the data contained in this report, please contact the Municipal Databank/Local Aid Section at (617) 626-2384 or databank@dor.state.ma.us.