Lynn by cli12236

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                               At A Glance Report for Lynn

                                          Socioeconomic

    County                                                Essex
    School Structure                                      K-12
    Form of Government                                    Mayor
                                                          Council
    2008 Population                                                                      86,957
    2010 Labor Force                                                                     42,041
    2010 Unemployment Rate                                                                 10.5
    1999 Per Capita Income                                                               17,492
    2008 Population Per Square Mile                                                    8,036.69
    2007 Housing Units Per Square Mile                                                 3,201.20
    2009 Road Miles                                                                      170.60
    EQV Per Capita (2008 EQV/2008 Population)                                            87,558
    Number of Registered Vehicles (January 2008)                                         69,003
    Average Age of Vehicles (January 2008)                                                12.64
    2008 Number of Registered Voters                                                     48,676


                                            Certification

                         Most Recent                              2008
                         Next Scheduled                           2011


                                           Bond Ratings

         Moody’s Bond Rating as of December 2009*                         Baa1
         S & P Bond Rating as of December 2009*                            A-


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


                       Fiscal Year 2010 Estimated Cherry Sheet Aid

                         Education Aid                             116,668,426
                         General Government                         20,756,108
                         Total Receipts                            137,424,534
                         Total Assessments                           8,162,596
                         Net State Aid                             129,261,938



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

                               At A Glance Report for Lynn

                              Fiscal Year 2010 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                4,499,428,024          69,876,117                15.53
          Open Space                             0                   0                  0.00
          Commercial                   464,501,216          14,422,763                31.05
          Industrial                   134,135,400           4,164,904                31.05
          Personal Property            148,766,860           4,619,211                31.05
          Total                      5,246,831,500          93,082,995


                           Fiscal Year 2010 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     93,082,995      36.22
                          State Aid                   144,987,570      56.42
                          Local Receipts               13,585,603       5.29
                          Other Available               5,342,463       2.08
                          Total                       256,998,631


                     Fiscal Year 2010 Proposition 2½ Levy Capacity

                     New Growth                             1,281,437
                     Override                                       0
                     Debt Exclusion                                 0
                     Levy Limit                            93,462,876
                     Excess Capacity                          379,881
                     Ceiling                              131,170,788
                     Override Capacity                     37,707,912


                                     Other Available Funds

                   7/1/2009             FY2009                  FY2010
                  Free Cash        Stabilization Fund       Overlay Reserve
                      4,675,104                     0                 946,115




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

                                    At A Glance Report for Lynn

                       Fiscal Year 2010 Average Single Family Tax Bill**

                        Number of Single Family Parcels                                  11,433
                        Assessed Value of Single Family                                 223,153
                        Average Single Family Tax Bill                                    3,466

                                 State Average Single Family Tax Bill

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

                                   Lynn 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                246,144,249      47,758,744               0               0      8,647,343      302,550,336
  Expenditures            211,426,244      44,486,109       9,726,198               0     40,817,839      306,456,390
   Police                  17,608,366               0               0               0              0       17,608,366
   Fire                    16,227,369               0               0               0              0       16,227,369
   Education               98,742,884      36,494,336       7,967,763               0              0      143,204,983
   Public Works            11,955,604       1,098,061               0               0              0       13,053,665
   General Fund                                                                                            13,187,082
   Debt Service             13,187,082
   Health Ins                  301,540                                                                        301,540
   Pension                  18,544,488                                                                     18,544,488
   All Other                34,858,911      6,893,712       1,758,435               0     40,817,839       84,328,897

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                     2,830.6         549.2               0.0            0.0          99.4            3,479.3
  Expenditures                 2,431.4         511.6            111.9             0.0         469.4            3,524.2

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.

Last Page Update 06/10/2010

								
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