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Richmond by cli12236

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                           At A Glance Report for Richmond

                                          Socioeconomic

    County                                                Berkshire
    School Structure                                      K-08
    Form of Government                                    Town Administrator
                                                          Selectmen
                                                          Open Town Meeting
    2008 Population                                                                       1,572
    2010 Labor Force                                                                        940
    2010 Unemployment Rate                                                                   4.8
    1999 Per Capita Income                                                               35,568
    2008 Population Per Square Mile                                                       82.91
    2007 Housing Units Per Square Mile                                                    43.93
    2009 Road Miles                                                                       47.94
    EQV Per Capita (2008 EQV/2008 Population)                                           286,090
    Number of Registered Vehicles (January 2008)                                          1,893
    Average Age of Vehicles (January 2008)                                                 9.75
    2008 Number of Registered Voters                                                      1,142


                                            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*


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


                       Fiscal Year 2010 Estimated Cherry Sheet Aid

                         Education Aid                                   608,998
                         General Government                              119,938
                         Total Receipts                                  728,936
                         Total Assessments                                88,434
                         Net State Aid                                   640,502



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

                           At A Glance Report for Richmond

                              Fiscal Year 2010 Tax Classification

          Tax Classification      Assessed Values          Tax Levy             Tax Rate
          Residential                  418,734,001           3,735,107                     8.92
          Open Space                             0                   0                     0.00
          Commercial                     5,372,907              47,926                     8.92
          Industrial                       865,900               7,724                     8.92
          Personal Property             13,422,581             119,729                     8.92
          Total                        438,395,389           3,910,486


                           Fiscal Year 2010 Revenues by Source

                                                                     Percent
                          Revenue Source                             of Total
                          Tax Levy                       3,910,487      68.53
                          State Aid                      1,025,450      17.97
                          Local Receipts                   622,507      10.91
                          Other Available                  147,710       2.59
                          Total                          5,706,154


                     Fiscal Year 2010 Proposition 2½ Levy Capacity

                     New Growth                                46,596
                     Override                                       0
                     Debt Exclusion                           180,884
                     Levy Limit                             3,951,852
                     Excess Capacity                           41,366
                     Ceiling                               10,959,885
                     Override Capacity                      7,188,917


                                     Other Available Funds

                   7/1/2009             FY2008                  FY2010
                  Free Cash        Stabilization Fund       Overlay Reserve
                        334,753                327,084                 35,462




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

                                At A Glance Report for Richmond

                       Fiscal Year 2010 Average Single Family Tax Bill**

                        Number of Single Family Parcels                                     737
                        Assessed Value of Single Family                                 439,569
                        Average Single Family Tax Bill                                    3,921

                                 State Average Single Family Tax Bill

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

                               Richmond 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 2008 Schedule A – Actual Revenues and Expenditures

                        General Fund       Special         Capital        Enterprise       Trust           Total All
                                           Revenue         Projects        Funds          Revenue           Funds
  Revenues                   3,816,915      1,021,062         310,454        287,087         28,391          5,463,909
  Expenditures               4,740,138        469,675         166,027        722,343            763          6,098,946
   Police                        4,110              0               0               0             0              4,110
   Fire                         83,514              0               0               0             0             83,514
   Education                 2,498,873        410,016               0               0             0          2,908,889
   Public Works                581,413              0         130,114        722,343              0          1,433,870
   General Fund                                                                                                474,491
   Debt Service                474,491
   Health Ins                  322,092                                                                         322,092
   Pension                      73,956                                                                          73,956
   All Other                   701,689         59,659           35,913              0             763          798,024

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                     2,428.1         649.5            197.5          182.6           18.1            3,475.8
  Expenditures                 3,015.4         298.8            105.6          459.5             0.5           3,879.7

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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