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Fiscal Year 2025 Annual Comprehensive Financial Report pdf file

Budgets & Finance · Fiscal year 2025 · Record 0cb0f7680594f19245

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Source page 121

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS

                                                                                                        LAST TEN FISCAL YEARS



                                                               2016           2017               2018                2019              2020               2021              2022                2023               2024             2025

        Revenues:
            Property taxes, net of tax refunds…………………………………………………….
                                                                $ 63,767,588 $ 67,223,724 $ 71,943,571 $ 74,255,762 $ 78,939,407 $ 84,820,110 $ 85,240,433 $ 90,305,041 $ 94,071,642 $ 98,291,550
            Tax title…………………………………………………………………………….                  351,721      147,456      172,988      297,266      235,221      221,451      148,855      222,957      163,001      217,557
            Motor vehicle and other excise taxes…………………………………………   4,119,643    4,555,904    4,505,384    4,703,198    4,560,311    5,057,570    5,014,394    5,290,490    5,644,166    6,173,577
            Hotel and meals taxes……………………………………………………                581,621      601,227      593,076      603,821      568,692      421,813      718,256    1,023,603    1,256,370    1,275,654
            Charges for services………………………………………………………              1,627,494    1,747,854    2,028,754    2,108,925    1,725,842    1,128,924    1,606,246    1,569,856    1,707,556    1,909,983
            Penalties and interest on taxes………………………………………310,740                 254,164      314,625      364,795      240,078      382,088      284,510      313,655      346,951      415,092
            Payments in lieu of taxes…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
                                                                     222,149      225,405      231,040      236,816      254,165      281,830    1,882,844    1,937,379    1,993,518    2,051,307
            Fines and forfeitures……………………………………………                   113,467      119,540       92,821      114,905       54,683       53,018       39,461       58,206       73,073       65,325
            Intergovernmental……………………………………………………..               16,564,548   19,102,008   20,785,945   22,693,271   27,275,657   32,930,006   25,579,266   29,653,558   35,323,650   33,837,856
            Intergovernmental - school construction grants……………………………………..
                                                                   1,206,545            -            -      600,762            -            -            -            -            -            -
            Departmental and other……………………………………………….              4,119,749    4,506,265    3,539,653    4,423,606    5,020,499    3,911,882    4,329,962    5,139,087    4,840,717    4,703,352
            Licenses and permits………………………………………..                  1,282,441    1,035,070    1,142,116    1,235,156    1,422,462    1,944,522    1,609,982    1,725,661    1,248,352    1,359,485
            Contributions…………………………………………………………….                  1,245,410      488,456      857,270      482,910      422,661      407,235      541,992      694,522    1,520,290      973,454
            Investment income………………………………………………………..                 171,180      198,226      301,356      456,202    1,406,002      916,965      236,315    2,131,346    3,654,987    3,491,401

                 Total Revenue…………………………………………………
                                               95,684,296                   100,205,299        106,508,599         112,577,395       122,125,680        132,477,414       127,232,516         140,065,361        151,844,273     154,765,593

        Expenditures:
            General government…………………………………………………………….
                                                     3,980,026  3,936,471  3,938,757  3,480,942  4,970,542  7,045,493  4,743,725  6,168,319  5,507,155  6,284,608
            Public safety………………………………………………………………   10,724,190 11,138,061 11,386,263 12,781,717 13,794,925 13,921,079 14,780,385 15,644,781 16,061,101 16,277,216
            Education…………………………………………………………………      40,479,930 42,896,291 44,863,583 47,531,743 51,595,264 53,745,167 58,470,260 62,152,136 69,696,450 68,458,296
            Public works……………………………………………………………..    5,515,513  5,592,699  5,494,358  5,665,258  5,803,062  6,367,394  6,380,865  6,557,800  7,816,405  8,659,088
            Health and human services…………………………………………………………..
                                                     1,182,773  1,106,152  1,152,349  1,105,044  1,093,693  1,060,440  1,317,046  1,212,226  1,503,791  1,616,656
            Culture and recreation…………………………………………………2,062,646  2,647,844  2,493,339  2,587,654  2,700,234  2,350,181  3,144,400  3,211,664  3,469,529  3,917,388
            Pension benefits…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
                                                     7,321,245  9,802,225 12,480,279 13,538,094 16,800,589 18,871,543 13,094,149 14,084,015 16,398,670 14,921,454
            Employee benefits…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
                                                    11,675,327 11,482,452 12,083,049 13,061,838 13,448,532 13,699,142 13,972,775 14,112,017 14,555,769 15,191,277
            State and county charges………………………………………… 944,583      927,338    995,573  1,015,303  1,186,662  1,424,853  1,461,597  1,513,485  1,504,688  1,531,897
            Capital outlay and other……………………………………………………………….
                                                     8,445,932  6,844,641  5,203,195  5,138,643  8,496,602  3,650,678  6,478,828 10,424,335 10,532,956 16,795,062
            Debt service:
               Principal………………………………………………………………     3,819,900  3,931,624  3,821,850  3,871,933  3,884,816  4,370,415  3,892,822  4,000,576  3,807,391  3,501,211
               Interest…………………………………………………………………….   1,166,454  1,061,042    970,237    995,903    957,771  1,074,194    927,000  1,007,022  1,175,108  1,179,996

            Total Expenditures………………………………………………………..
                                                97,318,519                  101,366,840        104,882,832         110,774,072       124,732,692        127,580,579       128,663,852         140,088,376        152,029,013     158,334,149

            Excess of revenues over (under) expenditures…………………………………………………
                                                                (1,634,223) (1,161,541)          1,625,767           1,803,323        (2,607,012)         4,896,835        (1,431,336)            (23,015)          (184,740)      (3,568,556)

        Other Financing Sources (Uses):
             Issuance of refunding bonds…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
                                                                                                           -     515,000   1,596,000     414,000           -   2,060,000           -           -           -           -
             Payments of refunded bonds……………………………………………………………..                                           -    (526,148) (1,619,000)   (446,000)          -  (2,305,382)          -           -           -           -
             Issuance of bonds and notes………………...…………………………………………                                  2,861,150   1,367,000   5,455,000   1,792,000   7,700,000     742,000   6,265,500   7,379,500   3,438,500           -
             Premium from bonds and notes………………...…………………………………………                                   153,042      11,148     305,990     246,871     969,603     357,079     584,771     773,330     225,886           -
             Capital lease financing…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
                                                                                                     104,250           -           -           -           -           -           -           -           -           -
             Insurance recoveries………………………………………………………………………………                                            -   2,354,811           -           -           -           -           -           -           -           -
             Sale of capital assets….............................................................          -           -           -           -           -           -           -     216,900           -           -
             Transfers in………………………………………………………………………………                                            1,856,376   2,294,746   2,421,242   2,829,878   2,845,110   1,963,219   3,496,749   3,394,317   6,729,502   7,065,692
             Transfers out……………………………………………………………………………                                           (1,856,376) (4,119,493) (2,387,200) (3,329,878) (3,810,339) (2,653,826) (3,082,911) (4,630,939) (7,600,219) (7,312,821)

        Total other financing sources (uses)…………………………………………………………………..
                                                          3,118,442 1,897,064                    5,772,032           1,506,871         7,704,374           163,090          7,264,109           7,133,108          2,793,669        (247,129)

        Net change in fund balance………………………………………………………………….
                                                  $ 1,484,219 $                735,523     $     7,397,799     $     3,310,194   $     5,097,362    $     5,059,925   $     5,832,773     $     7,110,093    $     2,608,929    $ (3,815,685)

        Debt service as a percentage of noncapital expenditures……………………………………………….
                                                                       5.61%   5.28%                 4.81%               4.61%             4.17%              4.39%             3.94%               3.86%              3.52%           3.31%




Town of Canton, Massachusetts                                                                        Page 113 of 128                                                                    Annual Comprehensive Financial Report

Source page 122

ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY BY CLASSIFICATION AND TAX RATES

                                                                                                            LAST TEN FISCAL YEARS


                                                                           Assessed Value                                                                                                                               Tax Rates
                                                                                                                                                                                    Ratio of
                                                                                                                  Total                  Total                 State              Assessed to
      Fiscal         Residential             Commercial            Industrial             Personal              Commercial               Town                Equalized             Equalized         Residential    Commercial           Average
      Year             Value                   Value                 Value                Property                Value                  Value                Value                  Value            Tax Rate       Tax Rate            Tax Rate

      2016        $ 3,367,549,515        $    443,366,255      $    349,329,400       $   160,467,160       $     953,162,815      $ 4,320,712,330       $ 4,083,657,900              105.80%       $       12.79   $        26.36   $       15.78
      2017          3,508,576,688             459,186,222           358,855,200           171,786,770             989,828,192        4,498,404,880         4,615,563,300               97.46%               12.79            26.34           15.77
      2018          3,633,566,271             536,026,099           402,226,020           177,246,290           1,115,498,409        4,749,064,680         4,615,563,300              102.89%               12.42            25.86           15.58
      2019          3,824,234,297             557,405,693           426,392,980           181,040,100           1,164,838,773        4,989,073,070         5,111,198,800               97.61%               12.40            25.77           15.52
      2020          4,013,357,852             583,890,748           450,496,780           188,409,290           1,222,796,818        5,236,154,670         5,111,198,800              102.44%               12.23            25.42           15.31
      2021          4,215,106,958             633,577,432           508,267,600           238,049,450           1,379,894,482        5,595,001,440         5,664,784,600               98.77%               12.20            24.29           15.18
      2022          4,713,072,560             615,527,130           561,454,040           234,720,080           1,411,701,250        6,124,773,810         5,664,784,600              108.12%               11.35            24.18           14.31
      2023          5,224,524,319             661,494,791           756,909,640           249,979,830           1,668,384,261        6,892,908,580         6,376,735,000              108.09%               10.57            21.57           13.23
      2024          5,793,895,560             730,980,060           797,248,940           286,529,660           1,814,758,660        7,608,654,220         6,376,735,000              119.32%                9.97            20.80           12.55
      2025          6,053,461,536             753,811,564           844,980,740           314,912,910           1,913,705,214        7,967,166,750         8,267,137,500               96.37%                9.89            20.45           12.43




                                                                                            Commercial Value as % of Total Value
                                                          26.0%

                                                          24.0%

                                                          22.0%

                                                          20.0%

                                                          18.0%

                                                          16.0%
                                                                      2016         2017         2018         2019          2020         2021         2022         2023         2024         2025



               Source: Official Statements, State Division of Local Services

               Note: All property in the Commonwealth of Massachusetts is assessed at 100% of full and fair cash value. The State estimates this "equalized valuation" for all municipalities every two years.
                 Chapter 59, Section 21C of the Massachusetts General Laws, known as "Proposition 2 1/2", imposes 2 separate limits on the annual tax levy of the Town. The primary limitation is
                 that the tax levy cannot exceed 2 1/2% of the full and fair cash value. The secondary limitation is that the tax levy cannot exceed the maximum levy limit for the preceding fiscal year
                 as determined by the State Commissioner of Revenue by more than 2 1/2%, subject to an exception for property added to the tax rolls and for certain valuation increases. This
                 secondary limit may be exceeded in any fiscal year by majority approval of the voters, however, it cannot exceed the primary limitation.




Town of Canton, Massachusetts                                                                                   Page 114 of 128                                                           Annual Comprehensive Financial Report

Source page 123

DIRECT PROPERTY TAX RATES

                                                              LAST TEN FISCAL YEARS


                                                                               Tax Rates (1)

                                                                       Commercial            Personal
                                    Fiscal          Residential       and Industrial         Property            Direct
                                    Year             Tax Rate           Tax Rate             Tax Rate           Tax Rate

                                    2016           $       12.79      $       26.36      $       26.36      $       15.78
                                    2017                   12.79              26.34              26.34              15.77
                                    2018                   12.42              25.86              25.86              15.58
                                    2019                   12.40              25.77              25.77              15.52
                                    2020                   12.23              25.42              25.42              15.31
                                    2021                   12.20              24.29              24.29              15.18
                                    2022                   11.35              24.18              24.18              14.31
                                    2023                   10.57              21.57              21.57              13.23
                                    2024                    9.97              20.80              20.80              12.55
                                    2025                    9.89              20.45              20.45              12.43

                                (1) Rates are applicable to each $1,000 of assessed value.
                                (2) Calculated by dividing the total tax levy by total assessed value multipied by 1,000

                                Source: Official Statements




Town of Canton, Massachusetts                                       Page 115 of 128                                  Annual Comprehensive Financial Report

Source page 124

PRINCIPAL TAXPAYERS

                                                                                 CURRENT YEAR AND NINE YEARS AGO


                                                                                                                      2025                                              2016

                                                                                                                                     Percentage of                               Percentage of
                                                                                                                                     Total Taxable                               Total Taxable
                                                                   Nature of                     Assessed                              Assessed           Assessed                 Assessed
                      Taxpayer                                     Business                      Valuation            Rank              Value             Valuation     Rank        Value

    Eversource (formerly NSTAR)                                     Utility                   $ 179,804,470             1                     2.26%   $    66,458,390    1               1.54%
    Point32 Health (Tufts Associated Health)*                      Offices                       93,456,200             2                     1.17%
    SVA Prynne LLC MLF Prynee                                     Apartments                     61,014,400             3                     0.77%

    555 Turnpike 74 Owner LLC (Casual Male)                      Manufacturer                     58,242,800            4                     0.73%
    Medical Information Tech., Inc.                                Offices                        57,857,000            5                     0.73%        34,098,200    6               0.79%
    38 WDC135 NELP Owner LLC                                      Industrial                      56,454,100            6                     0.71%
    Waterfall Hills at Canton (Simons Waterfall)                 Apartments                       54,910,300            7                     0.69%        35,736,100    5               0.83%
    BAC Canton Holdings LLC (formerly One
    Beacon Insurance)                                              Offices                        50,263,700            8                     0.63%
    BOS Apt 2 LLC                                                 Apartments                      49,632,500            9                     0.62%
    MCG Canton Arboretum, LLC                                     Apartments                      49,304,900            10                    0.62%
    Boston Mutual Bldg Realty Trust                                Offices                                                                                 27,134,100    8               0.63%
    Randolph Properties                                            Housing                                                                                 42,755,200    2               0.99%
    Reebok                                                         Offices                                                                                 42,361,400    3               0.98%
    Atlantic Specialty Insurance                                   Offices                                                                                 38,194,900    4               0.88%
    OCW Retail Canton LLC (formerly Canton
    Village Shoppes)                                                Retail                                                                                 28,505,600    7               0.66%
    250 Royall LLC                                                  Offices                                                                                23,012,200    9               0.53%
    Spirit Canton LLC                                               Offices                                                                                17,158,500    10              0.40%

                                                                                  Totals      $ 710,940,370                                   8.92%   $   355,414,590                    8.23%

    * Exempt from property tax in fiscal year 2024 but is subject to a $1.748 million payment in lieu of taxes payment in fiscal year 2025.

    Source: Official Statements




Town of Canton, Massachusetts                                                                  Page 116 of 128                                            Annual Comprehensive Financial Report

Source page 125

PROPERTY TAX LEVIES AND COLLECTIONS

                                                                                     LAST TEN FISCAL YEARS


                                               Tax Levy                                                                  Collections
                                                                                                                                                                             Percent of
                                                 Less                                    First Year         Percent of              Delinquent                 Total         Total Tax
       Fiscal             Total              Abatements &               Net                Current          Net Levy                   Tax                      Tax         Collections to
       Year             Tax Levy              Exemptions              Tax Levy         Tax Collections      Collected               Collections              Collections    Net Tax Levy

       2016         $     68,196,330               $730,806       $     67,465,524    $     66,960,492            99.25%        $         352,125        $     67,312,617           99.77%
       2017               70,946,770                536,192             70,410,578          69,940,713            99.33%                  262,970              70,203,683           99.71%
       2018               73,975,682                991,426             72,984,256          72,812,949            99.77%                  (13,990) (1)         72,798,959           99.75%
       2019               77,438,400              1,060,785             76,377,615          76,374,966           100.00%                 (233,781) (1)         76,141,185           99.69%
       2020               80,166,862              1,063,392             79,103,470          77,780,712            98.33%                1,017,024              78,797,736           99.61%
       2021               84,941,942                534,636             84,407,306          83,773,978            99.25%                  381,273              84,155,251           99.70%
       2022               87,628,310                615,909             87,012,401          86,417,107            99.32%                  150,884              86,567,991           99.49%
       2023               91,210,271                702,808             90,507,463          89,844,819            99.27%                  218,902              90,063,721           99.51%
       2024               95,512,119                803,406             94,708,713          93,776,448            99.02%                  575,943              94,352,391           99.62%
       2025               99,004,006                538,753             98,465,253          97,605,185            99.13%                        -              97,605,185           99.13%

    (1) In 2020 and 2022, the Town refunded several commercial tax collections.

    Source: Accounting Records




Town of Canton, Massachusetts                                                             Page 117 of 128                                         Annual Comprehensive Financial Report

Source page 126

RATIOS OF OUTSTANDING DEBT BY TYPE

                                                                                                     LAST TEN FISCAL YEARS




                                           Governmental Activities                                Business-type Activities

                            General                   Direct                                   General               Direct                Total                            Percentage                       Debt
        Fiscal             Obligation             Borrowings and           Lease              Obligation         Borrowings and         Outstanding         Personal        of Personal    U.S Census         Per
        Year               Bonds (1)                Placements           Obligations          Bonds (1)            Placements              Debt             Income            Income       Population        Capita

         2016          $     26,426,780       $          321,226     $          84,246   $      22,970,109      $       4,661,625   $      54,463,986   $   1,084,774,372          5.02%        21,561   $     2,526
         2017                28,000,477                  307,176                63,827          23,466,201              4,178,293          56,015,974       1,113,918,949          5.03%        21,561         2,598
         2018                25,868,216                  292,843                42,986          21,261,941              3,691,526          51,157,512       1,549,330,338          3.30%        21,561         2,373
         2019                26,215,007                  278,222                21,713          19,095,011              3,201,255          48,811,208       1,549,330,338          3.15%        21,561         2,264
         2020                30,693,449                  263,306                     -          21,056,912              2,820,709          54,834,376       1,751,179,460          3.13%        24,370         2,250
         2021                26,826,930                  248,091                     -          19,843,867              5,104,665          52,023,553       1,751,179,460          2.97%        24,370         2,135
         2022                29,410,352                  240,369                     -          26,513,203              5,651,523          61,815,447       1,751,179,460          3.53%        24,370         2,537
         2023                33,189,537                  224,693                     -          27,581,335              4,967,938          65,963,503       1,751,179,460          3.77%        24,370         2,707
         2024                32,661,176                  208,702                     -          26,453,936              4,614,830          63,938,644       1,751,179,460          3.65%        24,370         2,624
         2025                28,816,857                  192,391                     -          23,374,265              3,998,986          56,382,499       1,751,179,460          3.22%        24,370         2,314



    Source: U. S. Census, State Division of Local Services

    (1) Presented net of original issuance discounts and premiums.




Town of Canton, Massachusetts                                                                          Page 118 of 128                                                  Annual Comprehensive Financial Report

Source page 127

RATIOS OF GENERAL BONDED DEBT OUTSTANDING

                                                                               LAST TEN FISCAL YEARS


                              General                   Less:                                                                   Percentage                               Debt
         Fiscal              Obligation               Amounts                                             Assessed              of Assessed            U.S Census         Per
         Year                Bonds (1)               Available (2)                 Total                   Value                   Value               Population        Capita

         2016           $        49,396,889      $           (2,125,785)   $        47,271,104       $     4,320,712,330                 1.09%              21,561   $      2,192
         2017                    51,466,678                  (1,740,116)            49,726,562             4,498,404,880                 1.11%              21,561          2,306
         2018                    47,130,157                  (1,341,647)            45,788,510             4,749,064,680                 0.96%              21,561          2,124
         2019                    45,310,018                    (929,952)            44,380,066             4,989,073,070                 0.89%              21,561          2,058
         2020                    51,750,361                    (504,594)            51,245,767             5,236,154,670                 0.98%              24,370          2,103
         2021                    46,670,797                     (65,119)            46,605,678             5,595,001,440                 0.83%              24,370          1,912
         2022                    55,923,555                     (33,089)            55,890,466             6,124,773,810                 0.91%              24,370          2,293
         2023                    60,770,872                           -             60,770,872             6,892,908,580                 0.88%              24,370          2,494
         2024                    59,115,112                           -             59,115,112             7,608,654,220                 0.78%              24,370          2,426
         2025                    52,191,122                           -             52,191,122             7,967,166,750                 0.66%              24,370          2,142


    Source: U. S. Census, State Division of Local Services

    (1) General obligation bonds consist of debt of both governmental and business-type activities, net of original issuance discounts and premiums.
    (2) These are restricted resources from the Massachusetts School Building Authority for debt principal on school construction.




Town of Canton, Massachusetts                                                      Page 119 of 128                                       Annual Comprehensive Financial Report

Source page 128

COMPUTATION OF LEGAL DEBT MARGIN

                                                                                                 LAST TEN FISCAL YEARS

                                                                                                   (Amounts in Thousands)

                                                          2016         2017            2018              2019            2020              2021           2022           2023           2024           2025


                                    $ 4,083,658
    Equalized Valuation…………………………………..                             $ 4,615,563    $ 4,615,563        $ 5,111,199     $ 5,111,199       $ 5,664,785    $ 5,664,785    $ 6,376,735    $ 6,376,735    $ 8,267,138

    Debt Limit…………………………..…………………. 204,183                             230,778         230,778           255,560         255,560           283,239        283,239        318,837        318,837        413,357

    Outstanding general obligation bonds……………….  49,397                 51,467          47,130            45,310             51,750         46,671         55,924         60,771         59,115         52,191
    Authorized and unissued debt………………………….      16,695                 15,992          20,072            29,086             24,704         25,932         16,910         10,896          9,255        264,668
    Debt not applicable to debt limit………………………….(28,533)               (28,457)        (25,574)          (24,193)           (22,651)       (22,776)       (31,126)       (35,781)       (34,325)       (32,083)

                                  $ 166,624
    Legal debt margin…………………………………………..                            $   191,776    $    189,150       $   205,357     $   201,757       $   233,412    $   241,531    $   282,951    $   284,792    $   128,581

    Total debt applicable to the limit
                                              18.39%
      as a percentage of debt limit…………………………………..                      16.90%          18.04%            19.64%            21.05%          17.59%         14.73%         11.26%         10.68%         68.89%

    Source: State Division of Local Services, Accounting Records




Town of Canton, Massachusetts                                                                      Page 120 of 128                                               Annual Comprehensive Financial Report

Source page 129

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT

                                                               AS OF JUNE 30, 2025


                                                                                                                                Estimated
                                                                                                        Estimated                Share of
                                                                                     Debt               Percentage             Overlapping
                                                                                Outstanding (a)         Applicable                Debt

    Debt repaid with property taxes:
         Norfolk County…………………………………………………….. $                   13,855,000                                   3.68% (b)   $         509,864
         Blue Hills Regional Vocational School District……………………………………………………..
                                                                  34,580,000                                   7.39% (c)           2,555,462

    Subtotal, overlapping debt…………………………………………………………………………..                                                                       3,065,326

    Town direct debt…………………………………………………………….                                                                                      29,009,248

    Total direct and overlapping debt……………………………………………                                                                     $      32,074,574



    (a) Outstanding debt as of August 14, 2025.
    (b) Based on the Town's weighted percentage of total equalized valuation.
    (c) Based on the District's enabling agreement which primarily relies on enrollment.


    Source: Official Statements, Accounting Records




Town of Canton, Massachusetts                                   Page 121 of 128                   Annual Comprehensive Financial Report

Source page 130

DEMOGRAPHIC AND ECONOMIC STATISTICS

                                                                LAST TEN FISCAL YEARS


                                                                             Per
                                                                           Capita
          Fiscal          Population             Personal                 Personal                Median       School         Unemployment
          Year            Estimates              Income                  Income (b)                Age        Enrollment         Rate (a)

           2016                   21,561    $   1,084,774,372      $            50,312                 42.6          3,375        3.40%
           2017                   21,561        1,113,918,949                   51,664                 42.6          3,379        3.60%
           2018                   21,561        1,549,330,338                   71,858                 42.6          3,353        3.10%
           2019                   21,561        1,549,330,338                   71,858                 42.6          3,329        2.70%
           2020                   24,370        1,751,179,460                   71,858                 42.6          3,397        8.00%
           2021                   24,370        1,751,179,460                   71,858                 43.1          3,225        5.00%
           2022                   24,370        1,751,179,460                   71,858                 43.1          3,228        3.00%
           2023                   24,370        1,751,179,460                   71,858                 43.1          3,219        2.90%
           2024                   24,370        1,751,179,460                   71,858                 43.1          3,341        3.30%
           2025                   24,370        1,751,179,460                   71,858                 43.1          3,314        4.60%

      (a) Full year averages except for 2022 which is for October 2022.
      (b) For years 2018 to 2025 used U.S. Census 2018-2022 average, 2022 dollars

      N/A - Information not available

      Source: U. S. Census, Division of Local Services, Massachusetts
                       Department of Elementary and Secondary Education
                       Population Estimates and Median age are based on most recent census data




Town of Canton, Massachusetts                                          Page 122 of 128                        Annual Comprehensive Financial Report

Source page 131

PRINCIPAL EMPLOYERS (EXCLUDING TOWN)

                                                                CURRENT YEAR AND NINE YEARS AGO


                                                                                            2025                                 2016

                                                   Nature                                            Percentage                             Percentage
                                                     of                                            of Total Town                          of Total Town
                   Employer                       Business                Employees         Rank    Employment     Employees    Rank       Employment

    Destination XL Group (Casual Male)        Retail/Wholesale                 1,000         1        4.00%
    Harvard Pilgrim Health Care                 Health Care                    1,000         1        4.00%
    Meditech                                  Hospital Software                1,000         1        4.00%              387      4          1.75%
    Computershare Investor Svc                Operations Center                  500         4        2.00%              737      2          3.32%
    Organogenesis                          Regenerative Medicine                 500         4        2.00%
    Boston Mutual Inurance               Insurance Sales and Service             250         6        1.00%              274      6          1.24%
    Computershare Limited                     Operations Center                  250         6        1.00%
    Dunkin Brands, Inc.                      Food and Beverages                  250         6        1.00%              639      3          2.88%
    Lojack                                    Recovery Systems                   250         6        1.00%              191      8          0.86%
    Massasoit Community College              Community College                   250         6        1.00%
    Reebok International                          Footwear                                                              1,032     1          4.65%
    Pollak Engineering Products            Automotive Engineering                                                         300     5          1.35%
    One Beacon Insurance                 Insurance Sales and Service                                                      225     7          1.01%
    CB&I (Shaw Group)                           Engineering                                                               180     9          0.81%
    Harbar                                   Food Manufacturer                                                            150    10          0.68%

                                                                 Totals        5,250                  21.02%            4,115                18.56%



    Source: Official Statements




Town of Canton, Massachusetts                                             Page 123 of 128                            Annual Comprehensive Financial Report

Source page 132

FULL-TIME EQUIVALENT TOWN EMPLOYEES BY FUNCTION

                                                                             LAST TEN FISCAL YEARS


    Function                         2016      2017             2018            2019         2020         2021         2022             2023         2024         2025

    General government…………………………………………………………….
                                        24      27                      26              27           32           37           29               29           29           30
    Public safety……………………………………………..   101     103                     103             105          108          108          100              100           99           97
    Education……………………………………………………      443     474                     503             483          483          483          499              536          547          559
    Public works……………………………………………………………..
                                        43      42                      43              46           46           46           50               50           52           56
    Health and human services…………………………………………………………..
                                        10       9                      10              11           11           11           11               11            9           10
    Culture and recreation…………………………………………………
                                        22      24                      24              24           24           24           22               25           24           22

    Total Town employees…………….…………………...……..
                                     643              679              709             696          704          709          711              751          760          774



    Source: Town personnel records




Town of Canton, Massachusetts                                                 Page 124 of 128                                       Annual Comprehensive Financial Report

Source page 133

OPERATING INDICATORS BY FUNCTION/PROGRAM

                                                                                                              LAST TEN FISCAL YEARS


      Function                                                    2016               2017              2018             2019          2020         2021         2022          2023         2024         2025

      General Government:
            Population……………………………………..        20,878                                   21,443            20,985          21,429        21,618       21,949       22,479         23,378      22,845       22,660
            Registered voters…………………………………….. 14,984                                   15,694            15,877          16,482        16,247       17,589       18,137         18,044      18,763       18,722

      Public Safety:
         Police
              Criminal offenses………………………………………………     945                               1,076                 862              657           615          961     1,084          1,100       1,001             834
         Fire
              Fire calls……………………………………………….. 1,683                                      1,638             2,013           1,929         1,556        1,708        2,017          1,813       1,175        1,318
              Ambulance calls………………………………………… 2,525                                     2,457             2,278           2,371         2,354        2,678        2,839          3,087       3,182        3,003
              Permits issued……………………………………………….       745                                 857               976             725           658          866          985            635         478          585
         Building Department
              Building permits issued…………………………………. 1,514                               1,271             1,093           1,196         1,093        1,649        1,458          1,477       1,326        1,257
              Other permits issued…………………………………. 1,885                                  1,951             1,753           1,712         1,506        1,599        1,565          1,687       1,634        1,503

      Education:
         Number of students………………………………….                             3,378             3,379             3,353           3,329         3,397        3,316        3,228          3,359       3,277        3,327

      Public Works:
         Highway
             Roads paved (miles)………………………………………………       2.5                                3.1               4.2              3.4           3.0          2.2          2.0           0.9          2.0          3.4
         Water
             Water mains installed (miles)…………………………… 0.0                                   2.5               0.0              0.0           0.0          3.1          2.6           0.0          1.1          0.0
         Sewer
             Sanitary sewers installed (miles)……………………………0.0                                0.0               0.0              0.0           0.0          0.0          0.0           0.0          2.2          0.0

      Health and Human Services:
        Board of Health
             Inspections and complaint investigations………   652                              925               760              714           500          400          586           633          720          750
             Permits issued………………………………………………..            644                              644               652              575           329          336          336           376          383          400
        Council on Aging
             Bus trips…………………………………………..                 8,200                         10,180             8,830          11,369         8,029        3,000        7,124          9,157       9,051        9,984

      Culture and Recreation:
         Libaries
             Circulation……………………………………………. 269,045          287,981                                     258,961         168,304       220,831      201,383      257,274        273,680     277,500      269,799
             Children's programs held……………………………………………. 241     197                                         328              53           257          644          176          1,376         408          584
             Children's programs attendance…………………………………………….
                                                      3,985   3,898                                       6,935           1,345         6,393       88,161        4,486          7,263       9,852       14,122
         Recreation
             Swimming pool attendance…………………………………………….
                                                 (1)  6,056   5,107                                       4,778           4,994              -       7,568        7,965          4,765       8,626        9,245
             Playground program participants…………………………………………….
                                                      1,294   1,090                                       1,016             768              580       600          658            678         530          560

      (1) Pool was closed for major renovations in fiscal year 2020. Open only to Town residents in fiscal year 2023.

      N/A - Information not available
      Source: Various Town Departments and State websites.




Town of Canton, Massachusetts                                                                                  Page 125 of 128                                           Annual Comprehensive Financial Report

Source page 134

CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM

                                                                                                      LAST TEN FISCAL YEARS



    Function                                            2016              2017               2018             2019          2020         2021         2022          2023         2024         2025

    General Government:
      Number of buildings………………………………..                         1                 1                  1                1              1           1            1              1            1           1

    Public Safety:
       Police
           Number of stations…………………………….                       1                 1                  1                1              1           1            1              1            1           1

       Fire
           Number of stations…………………………….                       2                 2                  2                2              2           2            2              2            2           2

    Education:
       Number of elementary schools…………………………………….
                                               3                                  3                  3                3              3           3            3              3            3           3
       Number of middle schools……………………………………. 1                                  1                  1                1              1           1            1              1            1           1
       Number of high schools……………………………………….. 1                                  1                  1                1              1           1            1              1            1           1

    Public Works:
       Road miles……………………………………….                 112                            112                112              112           112          112          112           112          112          112
       Water main (miles)………………………………………….        123                            123                123              123           123          123          123           123          123          123
       Sanitary sewers (miles)………………………………………….    82                             82                 82               82            82           82           82            82           82           82
       Number of water towers……………………..             5                              5                  5                5             5            5            5             5            5            5
       Number of water treatment plants……………………..   2                              2                  2                2             2            2            2             2            2            2

    Health and Human Services:
       Number of senior centers……………………..                       1                 1                  1                1              1           1            1              1            1           1

    Culture and Recreation:
       Number of libraries……………………………………………
                                          1                                       1                  1                1              1           1            1             1            1            1
       Number of pools…………………………………..     1                                       1                  1                1              1           1            1             1            1            1
       Number of skating rinks……………………(1) -                                       -                  -                -              -           1            1             1            1            1

    (1) Skating rink was closed from 2015 to 2020 due to damage from major weather event.

    N/A - Information not available
    Source: Various Town Departments and State websites.




Town of Canton, Massachusetts                                                                             Page 126 of 128                                      Annual Comprehensive Financial Report

Source page 135

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Town of Canton, Massachusetts          Page 127 of 128                Annual Comprehensive Financial Report

Source page 136

Below: Christmas lights at the Police Station.




        Photo Credit – Charles Doody, Town Administrator




Town of Canton, Massachusetts                      Page 128 of 128   Annual Comprehensive Financial Report