Massachusetts Department of Revenue by HZPSpuY5

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                              At A Glance Report for Sterling

                                          Socioeconomic

    County                                                Worcester
    School Structure
    Form of Government                                    Executive Secretary
                                                          Selectmen
                                                          Open Town Meeting
    2010 Population                                                                       7,808
    2011 Labor Force                                                                      4,376
    2011 Unemployment Rate                                                                   6.3
    1999 Per Capita Income                                                               28,844
    2009 Population Per Square Mile                                                      255.11
    2009 Housing Units Per Square Mile                                                    86.40
    2009 Road Miles                                                                      106.75
    EQV Per Capita (2010 EQV/2009 Population)                                           142,054
    Number of Registered Vehicles (January 2010)                                          9,738
    Average Age of Vehicles (January 2010)                                                 9.03
    2010 Number of Registered Voters                                                      5,708


                                            Certification

                         Most Recent                              2010
                         Next Scheduled                           2013


                                           Bond Ratings

         Moody’s Bond Rating as of December 2010*                            Aa2
         S & P Bond Rating as of December 2010*


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


                       Fiscal Year 2011 Estimated Cherry Sheet Aid

                         Education Aid                                         0
                         General Government                              655,517
                         Total Receipts                                  655,517
                         Total Assessments                                63,023
                         Net State Aid                                   592,494



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

                              At A Glance Report for Sterling

                              Fiscal Year 2011 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                  840,864,470          12,528,881                14.90
          Open Space                             0                   0                  0.00
          Commercial                    45,511,230             678,117                14.90
          Industrial                    58,406,900             870,263                14.90
          Personal Property             36,167,338             538,893                14.90
          Total                        980,949,938          14,616,154


                           Fiscal Year 2011 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     14,616,154      68.81
                          State Aid                     1,689,747       7.95
                          Local Receipts                3,094,476      14.57
                          Other Available               1,841,262       8.67
                          Total                        21,241,639


                     Fiscal Year 2011 Proposition 2½ Levy Capacity

                     New Growth                               159,480
                     Override                                       0
                     Debt Exclusion                         1,272,467
                     Levy Limit                            15,865,764
                     Excess Capacity                        1,249,610
                     Ceiling                               24,523,748
                     Override Capacity                      9,930,451


                                     Other Available Funds

                   7/1/2010             FY2010                  FY2011
                  Free Cash        Stabilization Fund       Overlay Reserve
                        547,471              1,534,320                 98,854




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

                                  At A Glance Report for Sterling

                        Fiscal Year 2011 Average Single Family Tax Bill**

                         Number of Single Family Parcels                                   2,509
                         Assessed Value of Single Family                                 296,439
                         Average Single Family Tax Bill                                    4,417

                                 State Average Single Family Tax Bill

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

                                 Sterling 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                  18,270,508      2,249,688                0     9,645,707          35,898        30,201,801
  Expenditures              18,355,617      2,046,002           55,064    20,111,291          11,964        40,579,938
   Police                    1,204,317              0                0              0              0         1,204,317
   Fire                        445,380              0                0              0              0           445,380
   Education                 9,597,311              0                0              0              0         9,597,311
   Public Works              1,640,931        357,262           53,710    20,111,291               0        22,163,194
   General Fund                                                                                              2,044,626
   Debt Service              2,044,626
   Health Ins                  729,668                                                                         729,668
   Pension                     313,609                                                                         313,609
   All Other                 2,379,775      1,688,740            1,354               0        11,964         4,081,833

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                    2,340.0          288.1                0.0       1,235.4             4.6         3,868.1
    Expenditures                2,350.9          262.0                7.1       2,575.7             1.5         5,197.2
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.

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

Last Page Update 09/23/2011

								
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