Massachusetts Department of Revenue by 0JvAHr

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                              At A Glance Report for Melrose

                                          Socioeconomic

    County                                                Middlesex
    School Structure                                      K-12
    Form of Government                                    Mayor
                                                          Alderman
    2010 Population                                                                      26,983
    2011 Labor Force                                                                     15,120
    2011 Unemployment Rate                                                                  5.6
    1999 Per Capita Income                                                               30,347
    2009 Population Per Square Mile                                                    5,776.76
    2009 Housing Units Per Square Mile                                                 2,398.29
    2009 Road Miles                                                                       81.63
    EQV Per Capita (2010 EQV/2009 Population)                                          139,618
    Number of Registered Vehicles (January 2010)                                         24,253
    Average Age of Vehicles (January 2010)                                                   9.
    2010 Number of Registered Voters                                                     19,183


                                            Certification

                         Most Recent                              2008
                         Next Scheduled                           2011


                                           Bond Ratings

         Moody’s Bond Rating as of December 2010*                          Aa3
         S & P Bond Rating as of December 2010*                            AA-


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


                       Fiscal Year 2011 Estimated Cherry Sheet Aid

                         Education Aid                               7,700,878
                         General Government                          4,645,328
                         Total Receipts                             12,346,206
                         Total Assessments                           3,032,291
                         Net State Aid                               9,313,915



Last Page Update 09/23/2011
Massachusetts Department of Revenue, Division of Local Services                          Page 2

                              At A Glance Report for Melrose

                              Fiscal Year 2011 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                3,304,550,535          41,174,700                12.46
          Open Space                             0                   0                  0.00
          Commercial                   128,233,135           2,437,712                19.01
          Industrial                    16,619,459             315,936                19.01
          Personal Property             62,822,350           1,194,253                19.01
          Total                      3,512,225,479          45,122,601


                           Fiscal Year 2011 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     45,122,600      58.08
                          State Aid                    12,780,209      16.45
                          Local Receipts               18,086,101      23.28
                          Other Available               1,707,203       2.20
                          Total                        77,696,113


                     Fiscal Year 2011 Proposition 2½ Levy Capacity

                     New Growth                               291,855
                     Override                                       0
                     Debt Exclusion                         2,071,707
                     Levy Limit                            45,137,752
                     Excess Capacity                           15,151
                     Ceiling                               87,805,637
                     Override Capacity                     44,739,592


                                     Other Available Funds

                   7/1/2010             FY2010                  FY2011
                  Free Cash        Stabilization Fund       Overlay Reserve
                      2,007,043              1,446,995                284,848




Last Page Update 09/23/2011
Massachusetts Department of Revenue, Division of Local Services                                          Page 3

                                  At A Glance Report for Melrose

                        Fiscal Year 2011 Average Single Family Tax Bill**

                         Number of Single Family Parcels                                  6,309
                         Assessed Value of Single Family                                397,704
                         Average Single Family Tax Bill                                   4,955

                                 State Average Single Family Tax Bill

                               Fiscal Year 2009                                    4,250
                               Fiscal Year 2010                                    4,390
                               Fiscal Year 2011                                    4,537

                                 Melrose 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 FY11 those communities are Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett,
Malden, Nantucket, Somerville, Somerset, Tisbury, Waltham and Watertown. Therefore, the average single-family tax bill
information in this report will be blank.

           Fiscal Year 2010 Schedule A – Actual Revenues and Expenditures

                        General Fund       Special         Capital        Enterprise       Trust           Total All
                                           Revenue         Projects        Funds          Revenue           Funds
  Revenues                  63,113,719      8,776,229         401,556     12,978,952        677,318         85,947,774
  Expenditures              65,845,549      6,341,169       3,236,569     13,029,058        258,264         88,710,609
   Police                    3,442,884              0               0               0             0          3,442,884
   Fire                      3,484,110              0               0               0             0          3,484,110
   Education                27,397,933      4,664,979          21,046               0             0         32,083,958
   Public Works              3,553,959              0         213,309     11,634,425              0         15,401,693
   General Fund                                                                                              5,468,195
   Debt Service              5,468,195
   Health Ins                8,082,186                                                                       8,082,186
   Pension                   4,741,974                                                                       4,741,974
   All Other                 9,674,308      1,676,190        3,002,214      1,394,633        258,264        16,005,609

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          Capital        Enterprise       Trust         Total All
                                           Revenue           Projects         Funds         Revenue         Funds
    Revenues                    2,339.0          325.3               14.9          481.0          25.1          3,185.3
    Expenditures                2,440.3          235.0             119.9           482.9            9.6         3,287.6
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.

Click here to see if the Division of Local Services’ Technical Assistance Section has conducted a financial management
review or other analysis in Melrose.

Last Page Update 09/23/2011

								
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