Norwood by cli12236

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									Massachusetts Department of Revenue, Division of Local Services                         Page 1

                              At A Glance Report for Norwood

                                          Socioeconomic

    County                                                Norfolk
    School Structure                                      K-12
    Form of Government                                    General Manager
                                                          Selectmen
                                                          Representative Town Meeting
    2008 Population                                                                       28,211
    2010 Labor Force                                                                      15,752
    2010 Unemployment Rate                                                                   8.2
    1999 Per Capita Income                                                                27,720
    2008 Population Per Square Mile                                                     2,691.89
    2007 Housing Units Per Square Mile                                                  1,139.79
    2009 Road Miles                                                                       109.46
    EQV Per Capita (2008 EQV/2008 Population)                                           174,070
    Number of Registered Vehicles (January 2008)                                          29,557
    Average Age of Vehicles (January 2008)                                                   8.9
    2008 Number of Registered Voters                                                      19,424


                                            Certification

                         Most Recent                              2009
                         Next Scheduled                           2012


                                           Bond Ratings

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


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


                       Fiscal Year 2010 Estimated Cherry Sheet Aid

                         Education Aid                               5,163,019
                         General Government                          4,345,482
                         Total Receipts                              9,508,501
                         Total Assessments                           1,019,665
                         Net State Aid                               8,488,836



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

                              At A Glance Report for Norwood

                              Fiscal Year 2010 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                3,055,932,461          28,511,850                 9.33
          Open Space                             0                   0                 0.00
          Commercial                   893,929,084          15,554,366                17.40
          Industrial                   299,614,955           5,213,300                17.40
          Personal Property            119,520,990           2,079,665                17.40
          Total                      4,368,997,490          51,359,181


                           Fiscal Year 2010 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     51,359,181      32.52
                          State Aid                     9,508,501       6.02
                          Local Receipts               89,750,126      56.83
                          Other Available               7,298,960       4.62
                          Total                       157,916,768


                     Fiscal Year 2010 Proposition 2½ Levy Capacity

                     New Growth                               867,001
                     Override                                       0
                     Debt Exclusion                           842,044
                     Levy Limit                            51,389,742
                     Excess Capacity                           30,561
                     Ceiling                              109,224,937
                     Override Capacity                     58,677,239


                                     Other Available Funds

                   7/1/2009             FY2009                  FY2010
                  Free Cash        Stabilization Fund       Overlay Reserve
                      5,250,959              2,033,159                746,439




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

                                 At A Glance Report for Norwood

                       Fiscal Year 2010 Average Single Family Tax Bill**

                        Number of Single Family Parcels                                   5,812
                        Assessed Value of Single Family                                 368,872
                        Average Single Family Tax Bill                                    3,442

                                 State Average Single Family Tax Bill

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

                            Norwood issues property tax bills Semi-Annually.

**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                 93,905,736      10,802,124       1,778,264     44,599,622         631,201      151,716,947
  Expenditures            101,746,465       9,392,665       5,511,403     36,889,356       1,333,409      154,873,298
   Police                   6,148,011               0               0               0              0        6,148,011
   Fire                     5,655,813               0               0               0              0        5,655,813
   Education               42,343,188       5,756,687       3,031,147               0              0       51,131,022
   Public Works            20,667,536         945,937         922,958     36,889,356               0       59,425,787
   General Fund                                                                                             4,789,752
   Debt Service              4,789,752
   Health Ins               10,157,373                                                                     10,157,373
   Pension                   2,282,828                                                                      2,282,828
   All Other                 9,701,964      2,690,041       1,557,298               0      1,333,409       15,282,712

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                     3,328.7         382.9             63.0         1,580.9          22.4            5,377.9
  Expenditures                 3,606.6         332.9            195.4         1,307.6          47.3            5,489.8

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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