Socioeconomic

 

 

County

Norfolk

School Structure

 

Form of Government

Town Administrator

Selectmen

Open Town Meeting

2006 Population

11,135

2007 Labor Force

5,921

2007 Unemployment Rate

5.0

1999 Per Capita Income

30,792

2006 Population Per Square Mile

501.6

2006 Housing Units Per Square Mile

158.0

2006 Road Miles

94.59

EQV Per Capita (2006 EQV/2006 Population)

174,356

Number of Registered Vehicles (January 2006)

11,511

Average Age of Vehicles (January 2006)

8.03

2006 Number of Registered Voters

7,069

 

 

Certification

 

 

 

Most Recent

2007

 

 

Next Scheduled

2010

 

 

 

Bond Ratings

 

 

Moody’s Bond Rating as of January 2008*

A1

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

3,743,312

General Government

1,356,684

Total Receipts

5,099,996

Total Assessments

418,006

Net State Aid

4,681,990

 

 

 

Fiscal Year 2008 Tax Classification

 

 

 

 

Tax Classification

Assessed Values

Tax Levy

Tax Rate

Residential

1,550,781,834

17,415,280

11.23

Open Space

0

0

0.00

Commercial

237,218,166

3,160,848

13.36

Industrial

42,989,100

574,334

13.36

Personal Property

39,765,580

530,075

13.33

Total

1,870,754,680

21,680,537

 

 

 

Fiscal Year 2008 Revenues by Source

 

 

 

 

Revenue Source

 

Percent of Total

Tax Levy

21,680,538

65.66

State Aid

5,524,081

16.73

Local Receipts

3,631,636

11.00

Other Available

2,182,215

6.61

Total

33,018,470

 

 

 

Fiscal Year 2008 Proposition 2˝ Levy Capacity

 

 

New Growth

386,648

 

Override

0

 

Debt Exclusion

984,853

 

Levy Limit

21,693,329

 

Excess Capacity

12,792

 

Ceiling

46,768,867

 

Override Capacity

26,060,391

 

 

 

Other Available Funds

           

7/1/2007
Free Cash

FY2007
Stabilization Fund

FY2008
Overlay Reserve

1,601,409

1,742,972

302,128

 

 

 

 

 

 

 

Fiscal Year 2008 Average Single Family Tax Bill**

 

 

Number of Single Family Parcels

3,197

Assessed Value of Single Family

431,033

Average Single Family Tax Bill

4,841

 

State Average Single Family Tax Bill

 

 

Fiscal Year 2005

3,588

Fiscal Year 2006

3,801

Fiscal Year 2007

3,962

 

Wrentham 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

28,802,091

5,560,655

1,341,035

0

4,856,059

40,559,840

Expenditures

26,446,905

4,474,941

930,885

0

4,837,958

36,690,689

   Police

1,619,825

0

0

0

0

1,619,825

   Fire

1,390,546

0

0

0

0

1,390,546

   Education

14,547,637

1,272,532

659,260

0

0

16,479,429

   Public Works

2,085,948

1,786,450

259,704

0

0

4,132,102

General Fund  Debt Service

2,642,336

 

 

 

 

2,642,336

   Health Ins

0

0

0

0

0

0

   Pension

921,928

0

0

0

0

921,928

   All Other

3,238,685

1,415,959

11,921

0

4,837,958

9,504,523

 

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