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These slides accompany the podcast FM #50. Give me about 10 minutes and I'll give you what matters in Franklin, MA. These slides help prepare for the Town Council meeting on Dec 2, 2009 and the important tax classification hearing.
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Franklin, MA Fiscal Year 2010 Tax Information
From the Board of Assessorsfor 12/2/09 Town Council Meeting
And MA Gov DOR website
Prepared by Steve SherlockFranklinMAtters.blogspot.com/
This work is licensed under a
Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License
.
Prepared by Steve Sherlock - Franklin Matters Page 2
Residential vs. Commercial/Industrial Mix over the years
Year Residential Commercial/Industrial1999 79.43% 20.57%2000 79.05% 20.95%2001 79.40% 20.60%2002 78.92% 21.08%2003 78.58% 21.42%2004 77.99% 22.01%2005 78.72% 21.28%2006 79.79% 20.21%2007 79.97% 20.03%2008 79.30% 20.70%2009 78.16% 21.84%2010 78.07% 21.93%
1988 – high point for Residential at 82.12%; 1993 - low point at 77.04%
Prepared by Steve Sherlock - Franklin Matters Page 3
Franklin Tax Base: Residential vs. Commercial/Industrial Mix
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Year
Per
cen
t
Prepared by Steve Sherlock - Franklin Matters Page 4
Franklin Tax Info: Tax Rate
0
2
4
6
8
10
12
14
16
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Year
Tax
Rat
e
14.21% at 1997
8.86% at 2007
Prepared by Steve Sherlock - Franklin Matters Page 5
Franklin Tax Info: Avg Tax Bill vs Tax Rate
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Year
Avg
Tax
Bill
0
2
4
6
8
10
12
14
16
Tax
Rat
e
14.21% at 1997
8.86% at 2007
Prepared by Steve Sherlock - Franklin Matters Page 6
Franklin, MA: Net Change In Assessed Value vs. Tax Rate
-400
-200
0
200
400
600
800
1000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
year
Ass
esse
d V
alu
e ($
M)
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
Per
cen
t
Prepared by Steve Sherlock - Franklin Matters Page 7
Franklin: Tax base - Residential vs. Commercial/Industrial
Commercial/Industrial Propoerties, 21.93%
Residential Properties, 78.07%
To reduce the residential rate by $1, the commercial/industrial folks would see an increase of $4. A split tax will not do anything to resolve Franklin’s problems.
A split tax will only shift a share of the pie from one group of taxpayers to another.
Franklin needs to GROW the pie!
Prepared by Steve Sherlock - Franklin Matters Page 8
Resources
• The Board of Assessors information came from the package for the Town Council meeting scheduled for 12/02/09
http://franklinma.virtualtownhall.net/Pages/FranklinMA_CouncilAgendas/2009tc/12022009Agenda.pdf
• The Dept of Revenue numbers came from the MA.GOV website– MA. GOV
• Dept of Revenue– Division of Local Services
» Municipal Data Bank» Data Bank Reports
Prepared by Steve Sherlock - Franklin Matters Page 9
Questions?
Feel free to contact
Steve SherlockCommunity Information Director (volunteer)
for Franklin Matters
http://franklinmatters.blogspot.com/
Appendix
Prepared by Steve Sherlock - Franklin Matters Page 11
Franklin: Free Cash & % of Budget over Years
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
FY947/1/93
FY957/1/94
FY967/1/95
FY977/1/96
FY987/1/97
FY997/1/98
FY007/1/99
FY017/1/00
FY027/1/01
FY037/1/02
FY047/1/03
FY057/1/04
FY067/1/05
FY077/1/06
FY087/1/07
FY097/1/08
FY Period
Do
llars
0.00
2.00
4.00
6.00
8.00
10.00
12.00
Per
cen
t o
f T
ota
l Bu
dg
et
