Canton, Massachusetts · Saved source text
FY 2015 Comprehensive Annual Financial Report
Saved text from 128 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 124
COMPUTATION OF LEGAL DEBT MARGIN
LAST TEN FISCAL YEARS
(Amounts in Thousands)
2006 2007 2008 2009 2010 2011 2012 2013 2013 2014
Equalized Valuation…………………………………..
$ 3,542,564 $ 4,384,335 $ 4,384,335 $ 4,487,450 $ 4,487,450 $ 4,386,215 $ 4,386,215 $ 4,131,231 $ 4,131,231 $ 4,083,658
Debt Limit…………………………..…………………. 177,128 219,217 219,217 224,372 224,372 219,311 219,311 206,562 206,562 204,183
Outstanding general obligation bonds………………. 63,927 59,323 58,412 60,041 64,421 66,354 69,528 69,172 62,221 59,442
Authorized and unissued debt…………………………. 13,167 29,146 26,237 26,434 18,071 18,405 9,305 10,144 6,547 22,881
Debt not applicable to debt limit………………………….(12,189) (10,905) (11,810) (12,780) (15,481) (22,111) (28,735) (30,364) (31,263) (30,212)
Legal debt margin…………………………………………..
$ 112,223 $ 141,653 $ 146,378 $ 150,677 $ 157,361 $ 156,663 $ 169,213 $ 157,610 $ 169,057 $ 152,072
Total debt applicable to the limit
as a percentage of debt limit…………………………………..
36.64% 35.38% 33.23% 32.84% 29.87% 28.57% 22.84% 23.70% 18.16% 25.52%
Source: State Division of Local Services, Accounting Records
Town of Canton, Massachusetts Page 112 of 118 Comprehensive Annual Financial ReportSource page 125
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2015
Estimated
Estimated Share of
Debt Percentage Overlapping
Outstanding Applicable Debt
Debt repaid with property taxes:
Massachusetts Bay Transportation Authority……………………………………………………………….
$ 5,499,989,000 (a) 0.50% (c) $ 27,499,945
Norfolk County…………………………………………………….. 12,235,000 (b) 3.68% (d) 450,248
Subtotal, overlapping debt………………………………………………………………………….. 27,950,193
Town direct debt……………………………………………………………. 29,770,577
Total direct and overlapping debt…………………………………………… $ 58,171,018
(a) Outstanding debt as of June 30, 2014.
(b) Outstanding debt as of March 15, 2015.
(c) Based on the Town's weighted percentage of total population as provided in the enabling act.
(d) Based on the Town's weighted percentage of total equalized valuation.
Source: Official Statements, Accounting Records
Town of Canton, Massachusetts Page 113 of 118 Comprehensive Annual Financial ReportSource page 126
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
Per
Capita
Fiscal Population Personal Personal Median School Unemployment
Year Estimates Income Income Age Enrollment Rate
2006 21,536 $ 955,977,000 $ 44,390 39.8 3,112 4.00%
2007 21,772 1,075,018,000 49,376 39.8 3,131 4.00%
2008 21,916 1,022,343,000 46,648 39.8 3,103 5.60%
2009 22,048 942,403,000 42,743 39.8 3,137 7.20%
2010 21,732 1,050,979,000 48,361 42.3 3,172 6.60%
2011 20,097 968,993,208 48,216 42.3 3,267 6.70%
2012 20,159 969,066,640 48,071 42.3 3,298 5.80%
2013 20,708 993,466,795 47,927 42.3 3,312 5.50%
2014 21,932 1,052,187,700 47,975 42.3 3,321 4.70%
2015 22,221 1,076,713,000 48,455 42.3 3,385 3.80%
Source: U. S. Census, Division of Local Services, Massachusetts
Department of Elementary and Secondary Education
Median age is based on most recent census data
Town of Canton, Massachusetts Page 114 of 118 Comprehensive Annual Financial ReportSource page 127
PRINCIPAL EMPLOYERS (EXCLUDING TOWN)
CURRENT YEAR AND NINE YEARS AGO
2015 2006
Nature Percentage Percentage
of of Total Town of Total Town
Employer Business Employees Rank Employment Employees Rank Employment
Reebok International Footwear 1,107 1 4.95% 1,200 1 5.46%
Computershare (Equiserve) Operations Center 798 2 3.57% 1,100 2 5.01%
Meditech Hospital Software 650 3 2.90% 698 3 3.18%
Dunkin Brands, Inc. Food and Beverages 640 4 2.86% 561 4 2.55%
CB&I (Shaw Group) Engineering 425 5 1.90%
Organogenesis Regenerative Medicine 354 6 1.58%
Pollak Engineering Products Automotive Engineering 280 7 1.25% 550 5 2.50%
Boston Mutual Inurance Insurance Sales and Service 271 8 1.21%
Lojack Recovery Systems 250 9 1.12%
One Beacon Insurance Insurance Sales and Service 225 10 1.01%
Casual Male Big & Tall Retail, Clothing 475 6 2.16%
Cumberland Farms Milk and Dairy Products, Gasoline 350 7 1.59%
Instron Corporation Electronic Testing Equipment 300 8 1.37%
Plymouth Rubber Company Rubber and Plasting Products 290 9 1.32%
Tweeter, Etc. Retail Audio and Video Equipment 273 10 1.24%
Totals 3,095 13.83% 3,497 15.92%
Source: Official Statements
Town of Canton, Massachusetts Page 115 of 118 Comprehensive Annual Financial ReportSource page 128
FULL-TIME EQUIVALENT TOWN EMPLOYEES BY FUNCTION
LAST TEN FISCAL YEARS
Function 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
General government…………………………………………………………….
29 28 27 28 28 27 27 27 26 26
Public safety…………………………………………….. 106 105 100 104 104 103 104 104 103 99
Education…………………………………………………… 390 402 391 427 427 429 416 423 440 426
Public works……………………………………………………………..
42 42 43 43 43 43 43 43 46 43
Health and human services…………………………………………………………..
9 9 9 9 10 9 9 9 9 9
Culture and recreation…………………………………………………
22 22 22 22 22 22 22 22 23 24
Total Town employees…………….…………………...……..
598 608 592 633 634 633 621 628 647 627
Source: Town personnel records
Town of Canton, Massachusetts Page 116 of 118 Comprehensive Annual Financial ReportSource page 129
OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
General Government:
Population…………………………………….. 20,184 20,063 20,767 20,985 21,003 21,529 20,159 20,708 20,853 20,717
Registered voters……………………………………..14,073 13,852 14,104 14,539 14,376 14,624 12,529 14,241 14,467 14,734
Public Safety:
Police
Criminal offenses……………………………………………… 521 663 623 419 422 448 554 909 464 384
Fire
Fire calls………………………………………………..1,139 1,137 1,023 930 1,000 1,470 1,391 1,242 1,500 1,800
Ambulance calls………………………………………… 2,641 2,653 2,471 2,729 2,600 2,304 2,367 2,250 2,600 2,100
Permits issued………………………………………………. 973 866 803 823 950 927 1,218 949 1,380 1,005
Building Department
Building permits issued………………………………….865 864 712 837 771 788 860 905 894 1,132
Other permits issued…………………………………. 1,682 1,636 1,629 1,478 1,497 1,406 1,536 1,670 2,062 2,030
Education:
Number of students…………………………………. 3,062 3,089 3,083 3,118 3,061 3,229 3,252 3,262 3,338 3,427
Public Works:
Highway
Roads paved (miles)……………………………………………… 1.7 1.3 0.0 2.4 0.6 1.4 3.9 0.8 1.7 3.6
Water
Water mains installed (miles)…………………………… 0.0 0.0 0.0 0.0 1.0 2.1 0.0 1.8 2.0 0.0
Sewer
Sanitary sewers installed (miles)……………………………
0.0 0.0 0.0 0.0 0.0 1.5 0.0 0.0 0.0 0.0
Health and Human Services:
Board of Health
Inspections and complaint investigations……… 875 635 656 680 730 742 520 661 680 673
Permits issued……………………………………………….. 576 587 582 590 612 627 636 645 647 641
Council on Aging
Bus trips………………………………………….. 8,728 8,900 6,500 9,000 9,000 9,200 9,550 9,825 8,500 7,863
Culture and Recreation:
Libaries
Circulation……………………………………………. 233,706 255,276 266,498 261,512 262,132 288,148 308,552 315,297 294,718 301,191
Children's programs held……………………………………………. 105 104 100 107 117 118 349 132 132 132
Children's programs attendance…………………………………………….
2,269 2,128 1,895 2,510 2,811 2,857 4,673 3,550 3,004 3,004
Recreation
Swimming pool attendance…………………………………………….
10,971 9,837 8,960 10,962 7,360 8,120 8,000 9,600 9,426 4,446
Playground program participants…………………………………………….
1,497 1,397 1,253 1,599 1,509 1,509 1,509 1,400 812 1,008
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 117 of 118 Comprehensive Annual Financial ReportSource page 130
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
General Government:
Number of buildings……………………………….. 2 2 2 2 2 2 2 2 2 2
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………………………………………. 94 94 94 94 94 112 112 112 112 112
Water main (miles)…………………………………………. 122 122 122 122 123 123 123 123 123 123
Sanitary sewers (miles)…………………………………………. 66 66 66 66 66 82 82 82 82 82
Number of water towers…………………….. 5 5 5 5 5 5 5 5 5 5
Number of water treatment plants…………………….. - - - - - 1 2 2 2 2
Health and Human Services:
Number of senior centers…………………….. - - - - - - - - - 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
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 118 of 118 Comprehensive Annual Financial ReportSource page 131
With funds provided by the Community Preservation Act along with donations made to the Town’s Veterans’ Services Department, the statue of a civil war soldier known as the Infantryman was restored and relocated onto the pedestal in front of Canton’s Memorial Hall. The cast zinc statue was donated to the Town in 1890 by philanthropist Elijah Morse.