The Massachusetts Municipal Finance Database

 

 

Tax Levy Computation

  For Fiscal Year  
  2002   2001   2000   1999   1998  
Gross Amount to be Raised:                      
  Appropriations ………………….. $ 75,395,333 $ 69,744,646 $ 66,758,961 $ 60,994,006 $ 56,805,345  
  Other Local Expenditures ………..   681,999   704,399   640,870   586,806   614,878  
  State & County Charges …………   1,139,270   1,056,287   1,091,587   1,153,050   1,057,072  
  Overlay Reserve …………………. 449,751   610,495   381,738   618,350   569,816  
 Total Gross Amount to be Raised    77,666,353   72,115,827   68,873,155   63,352,212   59,047,111  
Less Estimated Receipts & Other Revenue:                  
  Estimated Receipts from State …..   13,729,455   13,520,507   12,544,051   11,515,416   10,034,544  
  Estimated Receipts - Local ………   16,559,708   13,998,812   13,261,405   12,591,244   11,955,799  
  Available Funds Appropriated:                      
    Free Cash ……………………….   2,161,552   882,700   3,151,966   425,000   1,920,093  
    Revenue Sharing ………………..   -0-   -0-   -0-   -0-   -0-  
    Other Available Funds ………….   4,144,923   4,484,788   2,989,549   3,328,971   922,856  
  Free Cash & Other Revenue Used                      
    to Reduce the Tax Rate …………   -0-   -0-   -0-   -0-   -0-  
 Total Estimated Receipts & Revenue  36,595,638   32,886,807   31,946,971   27,860,631   24,833,292  
                     
Net Amount to be Raised (Tax Levy)  $ 41,070,715 $ 39,229,020 $ 36,926,185 $ 35,491,581 $ 34,213,819  
                     
Property Valuation ……………….. $ 3,491,244,690 $ 2,844,786,750 $ 2,383,834,850 $ 2,233,298,740 $ 1,917,167,060  
_______________                      
(1) Source: Massachusetts Department of Revenue.                  

Unused Levy Capacity

  For Fiscal Year  
  2002   2001   2000   1999   1998  
                     
Primary Levy Limit (2) …………… $ 87,281,117 $ 71,119,669 $ 59,595,871 $ 55,832,469 $ 47,929,177  
                     
Prior Fiscal Year Levy Limit ……… $ 39,059,891 $ 37,318,159 $ 35,725,846 $ 34,229,228 $ 32,908,528  
2.5% Levy Growth ……………….   976,497   932,954   893,146   855,731   822,713  
New Growth (3) …………………..   849,549   808,778   699,167   640,887   497,987  
Overrides ………………………….   -0-   -0-   -0-   -0-   -0-  
Growth Levy Limit ……………….   40,885,937   39,059,891