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Finances At a Glance
<br />REVENUE SOURCES
<br />Available Funds (b) ....................... 1,455,047
<br />Available Surplus ......................... 1,899,333
<br />Local Receipts (a) ........................ 6,283,000
<br />State Cherry Sheet - Overestimates.......... $ 6,982,973
<br />Real Estate & Personal Property Taxes..... 34,819,587
<br />Total Revenue ............................. $51,439,940
<br />EXPENSES
<br />Town Services (c) ......................... 25,463,580
<br />Education ( d) ............................. $22,653,101
<br />Cherry Sheet Offsets ...................... 1,376,246
<br />State & County Charges .................... 1,297,013
<br />Assessors Overlay (e) ..................... 650,000
<br />2.837
<br />3.69
<br />12.
<br />13. 57 57 /
<br />67.69
<br />100.0%
<br />49.50%
<br />44.04
<br />2.68 \
<br />2.52
<br />1.26
<br />Total Expenses ............................ $51,439,940 100.007
<br />(a) Local receipts include motor vehicle excise bills, water /sewer billings,
<br />permits, licenses, etc.
<br />(b) Available Funds include parking meter receipts, Westview perpetual care,
<br />overlay surplus.
<br />(c) Town services include certain education costs such as group health
<br />insurance, debt service, pension for non - teaching personnel and
<br />grounds keeping.
<br />(d) Education includes Minuteman Vocational School costs of $377,024.
<br />(e) Assessors Overlay reserved for tax abatements of elderly, veterans, etc.
<br />REAL ESTATE TAXES
<br />Valuation (fiscal year): 1988
<br />1987
<br />1986
<br />1985
<br />1984
<br />1983
<br />1982
<br />1981
<br />1980
<br />$2,929,754,700
<br />$2,901,827,200
<br />$1,388,290,900
<br />$1,309,021,300
<br />$1,294,456,100
<br />$1,267,201,500
<br />$1,242,053,600 (100%)
<br />$ 274,026,500
<br />$ 268,421,050
<br />Tax Rate (fiscal year): 1988 - $10.32 Residential /Open Space
<br />$17.14 Commercial /Industrial
<br />1987 - $ 9.94 Residential /Open Space
<br />$16.41 Commercial /Industrial
<br />1986 - $20.89 Residential /Open Space
<br />$30.54 Commercial /Industrial
<br />1985 - $20.46 Residential /Open Space
<br />$29.90 Commercial /Industrial
<br />1984 - $19.58 Residential /Open Space
<br />$28.61 Commercial /Industrial
<br />1983 - $19.41 Residential /Open Space
<br />$28.36 Commercial /Industrial
<br />1982 - $18.97 Residential /Open Space
<br />$27.74 Commercial /Industrial
<br />1981 - $92.00
<br />1980 - $87.60
<br />Note: More tax rate and budget details accompany the town manager's report.
<br />4 Overview
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