Bedford by cli12236

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                              At A Glance Report for Bedford

                                          Socioeconomic

    County                                                Middlesex
    School Structure                                      K-12
    Form of Government                                    Town Manager
                                                          Selectmen
                                                          Open Town Meeting
    2008 Population                                                                      13,545
    2010 Labor Force                                                                      7,049
    2010 Unemployment Rate                                                                   6.2
    1999 Per Capita Income                                                               39,212
    2008 Population Per Square Mile                                                      985.81
    2007 Housing Units Per Square Mile                                                   342.65
    2009 Road Miles                                                                       86.27
    EQV Per Capita (2008 EQV/2008 Population)                                           231,903
    Number of Registered Vehicles (January 2008)                                         15,353
    Average Age of Vehicles (January 2008)                                                 9.38
    2008 Number of Registered Voters                                                      9,435


                                            Certification

                         Most Recent                              2008
                         Next Scheduled                           2011


                                           Bond Ratings

         Moody’s Bond Rating as of December 2009*                          Aa1
         S & P Bond Rating as of December 2009*                            AAA


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


                       Fiscal Year 2010 Estimated Cherry Sheet Aid

                         Education Aid                               2,977,570
                         General Government                          1,857,673
                         Total Receipts                              4,835,243
                         Total Assessments                             283,011
                         Net State Aid                               4,552,232



Last Page Update 06/10/2010
Massachusetts Department of Revenue, Division of Local Services                          Page 2

                              At A Glance Report for Bedford

                              Fiscal Year 2010 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                2,115,408,335          27,669,541                13.08
          Open Space                     4,837,900              47,460                  9.81
          Commercial                   271,250,635           8,004,606                29.51
          Industrial                   293,984,600           8,675,486                29.51
          Personal Property             70,454,100           2,079,100                29.51
          Total                      2,755,935,570          46,476,193


                           Fiscal Year 2010 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     46,476,193      61.49
                          State Aid                     6,631,078       8.77
                          Local Receipts               13,558,591      17.94
                          Other Available               8,918,837      11.80
                          Total                        75,584,699


                     Fiscal Year 2010 Proposition 2½ Levy Capacity

                     New Growth                               831,218
                     Override                                       0
                     Debt Exclusion                         2,349,640
                     Levy Limit                            47,723,183
                     Excess Capacity                        1,246,990
                     Ceiling                               68,898,389
                     Override Capacity                     23,524,846


                                     Other Available Funds

                   7/1/2009             FY2009                  FY2010
                  Free Cash        Stabilization Fund       Overlay Reserve
                      2,393,359              3,048,328                868,878




Last Page Update 06/10/2010
Massachusetts Department of Revenue, Division of Local Services                                          Page 3

                                  At A Glance Report for Bedford

                       Fiscal Year 2010 Average Single Family Tax Bill**

                        Number of Single Family Parcels                                   3,318
                        Assessed Value of Single Family                                 506,620
                        Average Single Family Tax Bill                                    6,627

                                 State Average Single Family Tax Bill

                               Fiscal Year 2007                                    3,962
                               Fiscal Year 2008                                    4,110
                               Fiscal Year 2009                                    4,250

                                 Bedford 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 FY09 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 2009 Schedule A – Actual Revenues and Expenditures

                        General Fund        Special        Capital        Enterprise        Trust          Total All
                                           Revenue         Projects        Funds          Revenue           Funds
  Revenues                  60,871,408     12,598,751      10,454,857               0      2,232,049        86,157,065
  Expenditures              67,912,182      9,071,313       8,258,159               0      1,429,388        86,671,042
   Police                    3,036,389              0               0               0              0         3,036,389
   Fire                      2,170,984              0               0               0              0         2,170,984
   Education                30,404,572      3,560,255       6,092,910               0              0        40,057,737
   Public Works              7,452,629              0         792,994               0              0         8,245,623
   General Fund                                                                                              7,961,643
   Debt Service              7,961,643
   Health Ins                4,797,097                                                                      4,797,097
   Pension                   2,416,747                                                                      2,416,747
   All Other                 9,672,121      5,511,058       1,372,255               0      1,429,388       17,984,822

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                     4,494.0         930.1            771.9             0.0         164.8            6,360.8
  Expenditures                 5,013.8         669.7            609.7             0.0         105.5            6,398.7

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.

Last Page Update 06/10/2010

								
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