Massachusetts Department of Revenue

Massachusetts Department of Revenue, Division of Local ServicesPage 1

At A Glance Report for Russell

Socioeconomic

County / Hampden
School Structure
Form of Government / Administrative Assistant
Selectmen
Open Town Meeting
2007 Population / 1,730
2008 Labor Force / 967
2008 Unemployment Rate / 5.3
1999 Per Capita Income / 21,318
2007 Population Per Square Mile / 98.5
2007 Housing Units Per Square Mile / 36.5
2007 Road Miles / 36.24
EQV Per Capita (2006 EQV/2006 Population) / 69,638
Number of Registered Vehicles (January 2008) / 1,974
Average Age of Vehicles (January 2008) / 11.99
2008 Number of Registered Voters / 1,029

Certification

Most Recent / 2007
Next Scheduled / 2010

Bond Ratings

Moody’s Bond Rating as of July 2008*
S & P Bond Rating as of July 2008*

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

Fiscal Year 2009 Estimated Cherry Sheet Aid

Education Aid / 179,065
General Government / 342,475
Total Receipts / 521,540
Total Assessments / 3,711
Net State Aid / 517,829

Last Page Update 01/05/2009

Massachusetts Department of Revenue, Division of Local ServicesPage 2

At A Glance Report for Russell

Fiscal Year 2008 Tax Classification

Tax Classification / Assessed Values / Tax Levy / Tax Rate
Residential / 121,120,100 / 1,979,102 / 16.34
Open Space / 0 / 0 / 0.00
Commercial / 3,142,555 / 51,349 / 16.34
Industrial / 4,846,600 / 79,193 / 16.34
Personal Property / 5,957,394 / 97,344 / 16.34
Total / 135,066,649 / 2,206,988

Fiscal Year 2008 Revenues by Source

Revenue Source / Percent of Total
Tax Levy / 2,206,989 / 47.25
State Aid / 502,607 / 10.76
Local Receipts / 1,490,163 / 31.90
Other Available / 471,475 / 10.09
Total / 4,671,234

Fiscal Year 2008 Proposition 2½ Levy Capacity

New Growth / 23,857
Override / 0
Debt Exclusion / 0
Levy Limit / 2,252,994
Excess Capacity / 46,006
Ceiling / 3,376,666
Override Capacity / 1,123,672

Other Available Funds

7/1/2007
Free Cash / FY2007
Stabilization Fund / FY2008
Overlay Reserve
924,037 / 681,217 / 90,078

Last Page Update 01/05/2009

Massachusetts Department of Revenue, Division of Local ServicesPage 3

At A Glance Report for Russell

Fiscal Year 2008 Average Single Family Tax Bill**

Number of Single Family Parcels / 525
Assessed Value of Single Family / 197,946
Average Single Family Tax Bill / 3,234

State Average Single Family Tax Bill

Fiscal Year 2006 / 3,801
Fiscal Year 2007 / 3,962
Fiscal Year 2008 / 4,110

Russell 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 FY08 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 2007 Schedule A – Actual Revenues and Expenditures

General Fund / Special Revenue / Capital Projects / Enterprise Funds / Trust Revenue / Total All Funds

Revenues

/ 2,725,092 / 130,431 / 0 / 1,329,531 / 38,647 / 4,223,701
Expenditures / 2,637,163 / 113,814 / 0 / 1,353,856 / 1,773 / 4,106,606
Police / 33,894 / 0 / 0 / 0 / 0 / 33,894
Fire / 83,807 / 0 / 0 / 0 / 0 / 83,807
Education / 1,614,595 / 0 / 0 / 0 / 0 / 1,614,595
Public Works / 258,889 / 0 / 0 / 1,048,329 / 0 / 1,307,218
General Fund Debt Service / 31,563 / 31,563
Health Ins / 51,390 / 0 / 0 / 0 / 0 / 51,390
Pension / 55,292 / 0 / 0 / 0 / 0 / 55,292
All Other / 507,733 / 113,814 / 0 / 305,527 / 1,773 / 928,847

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 Revenue / Capital Projects / Enterprise Funds / Trust Revenue / Total All Funds
Revenues / 1,575.2 / 75.4 / 0.0 / 768.5 / 22.3 / 2,441.4
Expenditures / 1,524.4 / 65.8 / 0.0 / 782.6 / 1.0 / 2,373.8

If you have questions regarding the data contained in this report, please contact the Municipal Databank/Local Aid Section at (617) 626-2384 or .

Last Page Update 01/05/2009