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Finances At A Glance
<br />REVENUE SOURCES
<br />State Cherry Sheet - Overestimates
<br />$ 38,003
<br />0.1%
<br />Available Surplus
<br />1,152,749
<br />2.7
<br />Available Funds (b)
<br />1,482,343
<br />3.4
<br />Local Receipts (a)
<br />4,109,580
<br />9.5
<br />State Cherry Sheet
<br />$ 5,560,791
<br />12.8
<br />Real Estate & Personal Property Taxes
<br />31,019,098
<br />71.5
<br />Total Revenue
<br />$43,362,564
<br />100.0%
<br />EXPENSES
<br />Education (c) $20,374,511 47.0%
<br />Town Services 18,855,693 43.5
<br />State & County Charges 1,311,909 3.0
<br />Water Resource Authority 1,093,871 2.5
<br />Cherry Sheet Offsets 1,076,580 2.5
<br />Assessors Overlay (d) 650,000 1.5
<br />Total Expenses $43,362,564 100.0%
<br />(a) Local receipts include motor vehicle excise bills, water billings,
<br />permits, licenses, etc.
<br />(b) Available Funds include Federal Revenue Sharing, P.L. 874 (Federal
<br />dependents in Lexington schools).
<br />(c) Education includes Minuteman Vocational School costs of $304,756.
<br />(d) Assessors Overlay reserved for tax abatements of elderly, veterans,
<br />etc.
<br />REAL ESTATE TAXES
<br />Valuation (fiscal year): 1986 - $1,338,290,900
<br />1985 - $1,309,021,300
<br />1984 - $1,294,456,100
<br />1983 - $1,267,201,500
<br />1982 - $1,242,053,600 (100 %)
<br />1981 - $ 274,026,500
<br />1980 - $ 268,421,050
<br />1975 - $ 245,586,100
<br />Tax Rate (Fiscal year): 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 />1975 - $70.40
<br />NOTE: More tax rate and budget details accompany the town manager's report.
<br />4 Overview
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