Massachusetts Department of Revenue by 6s2765x

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                              At A Glance Report for Hardwick

                                          Socioeconomic

    County                                                Worcester
    School Structure
    Form of Government                                    Administrative Assistant
                                                          Selectmen
                                                          Open Town Meeting
    2010 Population                                                                       2,990
    2011 Labor Force                                                                      1,352
    2011 Unemployment Rate                                                                 10.1
    1999 Per Capita Income                                                               20,824
    2009 Population Per Square Mile                                                       69.27
    2009 Housing Units Per Square Mile                                                    28.14
    2009 Road Miles                                                                       88.11
    EQV Per Capita (2010 EQV/2009 Population)                                            97,421
    Number of Registered Vehicles (January 2010)                                          3,209
    Average Age of Vehicles (January 2010)                                                11.78
    2010 Number of Registered Voters                                                      1,790


                                            Certification

                         Most Recent                              2009
                         Next Scheduled                           2012


                                           Bond Ratings

         Moody’s Bond Rating as of December 2010*
         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                              470,590
                         Total Receipts                                  470,590
                         Total Assessments                                30,317
                         Net State Aid                                   440,273



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

                              At A Glance Report for Hardwick

                               Fiscal Year 2011 Tax Classification

          Tax Classification       Assessed Values         Tax Levy             Tax Rate
          Residential                   218,480,984          2,709,164                 12.40
          Open Space                              0                  0                   0.00
          Commercial                     11,875,374            147,255                 12.40
          Industrial                      1,876,000             23,262                 12.40
          Personal Property               5,914,537             73,340                 12.40
          Total                         238,146,895          2,953,021


                           Fiscal Year 2011 Revenues by Source

                                                                     Percent
                          Revenue Source                             of Total
                          Tax Levy                       2,953,022      59.62
                          State Aid                        470,590       9.50
                          Local Receipts                   986,630      19.92
                          Other Available                  542,440      10.95
                          Total                          4,952,682


                     Fiscal Year 2011 Proposition 2½ Levy Capacity

                     New Growth                                 24,384
                     Override                                        0
                     Debt Exclusion                             38,568
                     Levy Limit                              3,052,536
                     Excess Capacity                            99,515
                     Ceiling                                 5,953,672
                     Override Capacity                       2,939,704


                                     Other Available Funds

                   7/1/2010             FY2010                  FY2011
                  Free Cash        Stabilization Fund       Overlay Reserve
                        207,144                670,520                 74,052




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

                                At A Glance Report for Hardwick

                        Fiscal Year 2011 Average Single Family Tax Bill**

                         Number of Single Family Parcels                                     681
                         Assessed Value of Single Family                                 214,563
                         Average Single Family Tax Bill                                    2,661

                                 State Average Single Family Tax Bill

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

                     Hardwick issues property tax bills Preliminary Semi-Annually.
**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                   3,892,039       303,232          246,307        392,425          31,784         4,865,787
  Expenditures               4,002,724       794,067          178,596        425,921          29,184         5,430,492
   Police                      355,792             0                0               0              0           355,792
   Fire                         91,899             0                0               0              0            91,899
   Education                 2,053,866             0                0               0              0         2,053,866
   Public Works                499,805       571,267          178,596        425,921               0         1,675,589
   General Fund                                                                                                 56,900
   Debt Service                 56,900
   Health Ins                  156,377                                                                         156,377
   Pension                      99,002                                                                          99,002
   All Other                   689,083        222,800                0               0        29,184           941,067

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                    1,301.7          101.4               82.4          131.2          10.6          1,627.4
    Expenditures                1,338.7          265.6               59.7          142.4            9.8         1,816.2
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 Hardwick.

Last Page Update 09/23/2011

								
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