Westborough by cli12236

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                         At A Glance Report for Westborough

                                          Socioeconomic

    County                                                Worcester
    School Structure                                      K-12
    Form of Government                                    Town Coordinator
                                                          Selectmen
                                                          Open Town Meeting
    2008 Population                                                                      18,467
    2010 Labor Force                                                                      9,081
    2010 Unemployment Rate                                                                   6.6
    1999 Per Capita Income                                                               35,063
    2008 Population Per Square Mile                                                      899.95
    2007 Housing Units Per Square Mile                                                   330.07
    2009 Road Miles                                                                      111.26
    EQV Per Capita (2008 EQV/2008 Population)                                           217,742
    Number of Registered Vehicles (January 2008)                                         19,647
    Average Age of Vehicles (January 2008)                                                 8.58
    2008 Number of Registered Voters                                                     11,966


                                            Certification

                         Most Recent                              2009
                         Next Scheduled                           2012


                                           Bond Ratings

         Moody’s Bond Rating as of December 2009*                          Aa3
         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                               4,585,079
                         General Government                          1,278,878
                         Total Receipts                              5,863,957
                         Total Assessments                             431,039
                         Net State Aid                               5,432,918



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

                         At A Glance Report for Westborough

                              Fiscal Year 2010 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                2,055,747,190          34,906,587                16.98
          Open Space                             0                   0                  0.00
          Commercial                   581,387,321           9,871,957                16.98
          Industrial                   480,236,120           8,154,409                16.98
          Personal Property            275,072,220           4,670,726                16.98
          Total                      3,392,442,851          57,603,679


                           Fiscal Year 2010 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     57,603,680      65.27
                          State Aid                     9,641,490      10.92
                          Local Receipts               18,292,327      20.73
                          Other Available               2,721,524       3.08
                          Total                        88,259,021


                     Fiscal Year 2010 Proposition 2½ Levy Capacity

                     New Growth                               625,270
                     Override                                       0
                     Debt Exclusion                         2,695,242
                     Levy Limit                            57,707,739
                     Excess Capacity                          104,060
                     Ceiling                               84,811,071
                     Override Capacity                     29,798,574


                                     Other Available Funds

                   7/1/2009             FY2009                  FY2010
                  Free Cash        Stabilization Fund       Overlay Reserve
                      2,575,559              1,577,592                632,089




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

                             At A Glance Report for Westborough

                       Fiscal Year 2010 Average Single Family Tax Bill**

                        Number of Single Family Parcels                                   3,829
                        Assessed Value of Single Family                                 422,996
                        Average Single Family Tax Bill                                    7,182

                                 State Average Single Family Tax Bill

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

                             Westborough 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                  71,386,610      8,265,657           8,292      8,346,894        450,696         88,458,149
  Expenditures              72,217,987      9,140,703       6,728,863      6,288,476        778,199         95,154,228
   Police                    2,656,628              0               0               0             0          2,656,628
   Fire                      3,260,803              0               0               0             0          3,260,803
   Education                39,006,371      4,796,292          43,176               0             0         43,845,839
   Public Works              3,520,183      3,567,610       2,863,559      5,897,594              0         15,848,946
   General Fund                                                                                              8,407,383
   Debt Service              8,407,383
   Health Ins                7,021,709                                                                      7,021,709
   Pension                   1,753,704                                                                      1,753,704
   All Other                 6,591,206        776,801       3,822,128        390,882         778,199       12,359,216

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                     3,865.6         447.6               0.4         452.0           24.4            4,790.1
  Expenditures                 3,910.7         495.0            364.4          340.5           42.1            5,152.7

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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