Milford by cli12236

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									Massachusetts Department of Revenue, Division of Local Services                         Page 1

                              At A Glance Report for Milford

                                          Socioeconomic

    County                                                Worcester
    School Structure                                      K-12
    Form of Government                                    Town Administrator
                                                          Selectmen
                                                          Representative Town Meeting
    2008 Population                                                                       27,246
    2010 Labor Force                                                                      15,561
    2010 Unemployment Rate                                                                   9.0
    1999 Per Capita Income                                                                23,742
    2008 Population Per Square Mile                                                     1,866.16
    2007 Housing Units Per Square Mile                                                    733.77
    2009 Road Miles                                                                       122.99
    EQV Per Capita (2008 EQV/2008 Population)                                           139,709
    Number of Registered Vehicles (January 2008)                                          29,020
    Average Age of Vehicles (January 2008)                                                  9.74
    2008 Number of Registered Voters                                                      15,984


                                            Certification

                         Most Recent                              2010
                         Next Scheduled                           2013


                                           Bond Ratings

         Moody’s Bond Rating as of December 2009*                           A1
         S & P Bond Rating as of December 2009*


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


                       Fiscal Year 2010 Estimated Cherry Sheet Aid

                         Education Aid                              14,657,448
                         General Government                          3,011,180
                         Total Receipts                             17,668,628
                         Total Assessments                             735,941
                         Net State Aid                              16,932,687



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

                              At A Glance Report for Milford

                              Fiscal Year 2010 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                2,423,094,792          34,117,175                14.08
          Open Space                             0                   0                  0.00
          Commercial                   359,572,494           8,773,569                24.40
          Industrial                   195,391,988           4,767,565                24.40
          Personal Property             96,878,500           2,363,835                24.40
          Total                      3,074,937,774          50,022,144


                           Fiscal Year 2010 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     50,022,143      62.89
                          State Aid                    17,668,628      22.21
                          Local Receipts               10,244,416      12.88
                          Other Available               1,602,664       2.01
                          Total                        79,537,851


                     Fiscal Year 2010 Proposition 2½ Levy Capacity

                     New Growth                               457,484
                     Override                                       0
                     Debt Exclusion                                 0
                     Levy Limit                            50,029,338
                     Excess Capacity                            7,194
                     Ceiling                               76,873,444
                     Override Capacity                     26,844,106


                                     Other Available Funds

                   7/1/2009             FY2009                  FY2010
                  Free Cash        Stabilization Fund       Overlay Reserve
                      1,878,778              8,431,476                763,687




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

                                  At A Glance Report for Milford

                       Fiscal Year 2010 Average Single Family Tax Bill**

                        Number of Single Family Parcels                                   5,755
                        Assessed Value of Single Family                                 299,354
                        Average Single Family Tax Bill                                    4,215

                                 State Average Single Family Tax Bill

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

                                 Milford 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                  70,780,855     11,322,439       1,750,087      3,731,109       4,134,811        91,719,301
  Expenditures              69,228,248     15,252,109       6,499,937      3,820,285       3,967,777        98,768,356
   Police                    4,490,251              0               0               0              0         4,490,251
   Fire                      3,125,419              0               0               0              0         3,125,419
   Education                35,845,581      8,394,173       5,627,243               0              0        49,866,997
   Public Works              5,108,634              0         164,696      3,820,285               0         9,093,615
   General Fund                                                                                              4,137,573
   Debt Service              4,137,573
   Health Ins                7,121,392                                                                      7,121,392
   Pension                   2,485,084                                                                      2,485,084
   All Other                 6,914,314      6,857,936         707,998               0      3,967,777       18,448,025

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                     2,597.8         415.6             64.2          136.9          151.8            3,366.3
  Expenditures                 2,540.9         559.8            238.6          140.2          145.6            3,625.1

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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