Canton, Massachusetts · Saved source text
FY16 Comprehensive Annual Financial Report
Saved text from 133 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 124
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
2007 $ 3,283,433,296 $ 429,076,734 $ 409,121,100 $ 87,302,190 $ 925,500,024 $ 4,208,933,320 $ 4,384,334,700 96.00% $ 8.88 $ 17.94 $ 10.87
2008 3,203,773,709 435,216,821 399,643,400 91,515,750 926,375,971 4,130,149,680 4,384,334,700 94.20% 9.34 18.40 11.37
2009 3,234,696,626 429,321,664 389,319,700 120,258,560 938,899,924 4,173,596,550 4,487,449,500 93.01% 9.98 19.68 12.16
2010 3,032,221,732 455,712,638 378,970,320 122,726,290 957,409,248 3,989,630,980 4,487,449,500 88.91% 10.83 21.77 13.46
2011 3,044,468,807 442,405,763 360,889,000 126,905,510 930,200,273 3,974,669,080 4,386,215,300 90.62% 11.55 23.04 14.24
2012 3,063,743,888 432,654,082 333,946,500 124,249,390 890,849,972 3,954,593,860 4,386,215,300 90.16% 11.91 24.23 14.69
2013 3,080,898,534 433,793,536 330,412,500 126,558,890 890,764,926 3,971,663,460 4,131,231,300 96.14% 12.30 24.99 15.15
2014 2,971,728,949 427,533,191 343,409,000 141,947,970 912,890,161 3,884,619,110 4,131,231,300 94.03% 12.87 26.53 16.08
2015 3,150,088,016 421,047,184 345,967,900 152,768,400 919,783,484 4,069,871,500 4,083,657,900 99.66% 12.82 26.36 15.88
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
Commercial Value as % of Total Value
26.0%
24.0%
22.0%
20.0%
18.0%
16.0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
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 112 of 123 Comprehensive Annual Financial ReportSource page 125
PRINCIPAL TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
2016 2007
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 $ 66,458,390 1 1.54% $ 38,479,350 2 0.91%
Randolph Properties Housing 42,755,200 2 0.99%
Reebok Offices 42,361,400 3 0.98% 44,572,300 1 1.06%
Atlantic Specialty Insurance Offices 38,194,900 4 0.88%
Waterfalls Hills Housing 35,736,100 5 0.83%
Medical Information Tech., Inc. Offices 34,098,200 6 0.79% 37,191,600 3 0.88%
Canton Village Shoppes Retail 28,505,600 7 0.66% 30,435,300 5 0.72%
Boston Mutual Offices 27,134,100 8 0.63%
Hines Global 250 Royall Offices 23,012,200 9 0.53% 18,476,300 8 0.44%
Spirit Canton LLC Offices 17,158,500 10 0.40%
One Beacon Insurance Office 33,862,100 4 0.80%
Shawmut Park LLC Offices 22,590,200 6 0.54%
Dan Road Building LLC Offices 19,347,800 7 0.46%
JMS Realty Trust Offices 17,900,500 9 0.43%
Dunkin Brands, Inc. Offices 16,739,900 10 0.40%
Totals $ 355,414,590 8.23% $ 279,595,350 6.64%
Source: Official Statements
Town of Canton, Massachusetts Page 113 of 123 Comprehensive Annual Financial ReportSource page 126
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
2007 $ 45,760,358 $ 725,537 $ 45,034,821 $ 45,004,223 99.93% $ 30,685 $ 45,034,821 100.00%
2008 46,968,564 446,902 46,521,662 46,095,704 99.08% 347,730 46,443,434 99.83%
2009 50,759,823 280,732 50,479,091 49,631,932 98.32% 441,490 50,073,422 99.20%
2010 53,681,761 568,052 53,113,709 52,019,666 97.94% 371,521 52,391,187 98.64%
2011 56,595,429 907,814 55,687,615 54,980,240 98.73% 636,552 55,616,792 99.87%
2012 58,074,485 508,362 57,566,123 56,783,097 98.64% 409,817 57,192,914 99.35%
2013 60,155,267 599,465 59,555,802 58,747,142 98.64% 322,953 59,070,095 99.18%
2014 62,465,167 830,046 61,635,121 61,056,268 99.06% 240,661 61,296,929 99.45%
2015 64,629,621 721,861 63,907,760 63,380,847 99.18% 328,618 63,709,465 99.69%
2016 68,196,330 624,151 67,572,179 66,960,492 99.09% - 66,960,492 99.09%
Source: Accounting Records
Town of Canton, Massachusetts Page 114 of 123 Comprehensive Annual Financial ReportSource page 127
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Business-type
Governmental Activities Activities
General General Total Percentage Debt
Fiscal Obligation Capital Obligation Outstanding Personal of Personal U.S Census Per
Year Bonds (1) Leases Bonds (1) Debt Income Income Population Capita
2007 $ 50,817,629 $ - $ 8,505,075 $ 59,322,704 $ 1,075,018,000 5.52% 21,772 $ 2,725
2008 48,857,465 - 9,554,055 58,411,520 1,022,343,000 5.71% 21,916 2,665
2009 48,417,350 59,764 11,623,368 60,100,482 942,403,000 6.38% 22,048 2,726
2010 45,506,780 41,097 18,914,008 64,461,885 1,050,979,000 6.13% 21,732 2,966
2011 43,253,178 61,227 23,101,280 66,415,685 968,993,208 6.85% 20,097 3,305
2012 41,835,011 58,547 27,692,649 69,586,207 969,066,640 7.18% 20,159 3,452
2013 40,010,850 25,634 29,160,760 69,197,244 993,466,795 6.97% 20,708 3,342
2014 31,039,890 13,022 31,180,694 62,233,606 1,049,031,660 5.93% 21,932 2,838
2015 29,666,327 104,250 29,775,432 59,546,009 1,066,052,475 5.59% 22,221 2,680
2016 26,748,006 84,246 27,631,734 54,463,986 1,090,716,423 4.99% 22,510 2,420
Source: U. S. Census, State Division of Local Services
(1) Presented net of original issuance discounts and premiums.
Town of Canton, Massachusetts Page 115 of 123 Comprehensive Annual Financial ReportSource page 128
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
2007 $ 59,322,704 $ (5,581,453) $ 53,741,251 $ 4,208,933,320 1.28% 21,772 $ 2,468
2008 58,411,520 (5,186,347) 53,225,173 4,130,149,680 1.29% 21,916 2,429
2009 60,040,718 (11,241,837) 48,798,881 4,173,596,550 1.17% 22,048 2,213
2010 64,420,788 (10,331,918) 54,088,870 3,989,630,980 1.36% 21,732 2,489
2011 66,354,458 (9,431,541) 56,922,917 3,974,669,080 1.43% 20,097 2,832
2012 69,527,660 (8,540,706) 60,986,954 3,954,593,860 1.54% 20,159 3,025
2013 69,171,610 (7,260,823) 61,910,787 3,971,663,460 1.56% 20,708 2,990
2014 62,220,584 (2,860,353) 59,360,231 3,884,619,110 1.53% 21,932 2,707
2015 59,441,759 (2,499,064) 56,942,695 4,069,871,500 1.40% 22,221 2,563
2016 54,379,740 (2,125,785) 52,253,955 4,320,712,330 1.21% 22,510 2,321
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 116 of 123 Comprehensive Annual Financial ReportSource page 129
COMPUTATION OF LEGAL DEBT MARGIN
LAST TEN FISCAL YEARS
(Amounts in Thousands)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Equalized Valuation…………………………………..
$ 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 $ 4,083,658
Debt Limit…………………………..…………………. 219,217 219,217 224,372 224,372 219,311 219,311 206,562 206,562 204,183 204,183
Outstanding general obligation bonds………………. 59,323 58,412 60,041 64,421 66,354 69,528 69,172 62,221 59,442 54,380
Authorized and unissued debt…………………………. 29,146 26,237 26,434 18,071 18,405 9,305 10,144 6,547 22,881 16,695
Debt not applicable to debt limit………………………….(10,905) (11,810) (12,780) (15,481) (22,111) (28,735) (30,364) (31,263) (30,212) (28,533)
Legal debt margin…………………………………………..
$ 141,653 $ 146,378 $ 150,677 $ 157,361 $ 156,663 $ 169,213 $ 157,610 $ 169,057 $ 152,072 $ 161,641
Total debt applicable to the limit
as a percentage of debt limit…………………………………..
35.38% 33.23% 32.84% 29.87% 28.57% 22.84% 23.70% 18.16% 25.52% 20.84%
Source: State Division of Local Services, Accounting Records
Town of Canton, Massachusetts Page 117 of 123 Comprehensive Annual Financial ReportSource page 130
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2016
Estimated
Estimated Share of
Debt Percentage Overlapping
Outstanding Applicable Debt
Debt repaid with property taxes:
Norfolk County…………………………………………………….. 11,830,000 (a) 3.68% (c) $ 435,344
Subtotal, overlapping debt………………………………………………………………………….. 435,344
Town direct debt……………………………………………………………. 26,832,252
Total direct and overlapping debt…………………………………………… $ 27,702,940
(a) Outstanding debt as of March 17, 2016.
(c) Based on the Town's weighted percentage of total equalized valuation.
Source: Official Statements, Accounting Records
Town of Canton, Massachusetts Page 118 of 123 Comprehensive Annual Financial ReportSource page 131
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
Per
Capita
Fiscal Population Personal Personal Median School Unemployment
Year Estimates Income Income Age Enrollment Rate
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 47,975 42.3 3,312 5.50%
2014 21,932 1,049,031,660 47,831 42.3 3,321 4.70%
2015 22,221 1,066,052,475 47,975 42.3 3,385 3.80%
2016 22,510 1,090,716,423 48,455 42.3 3,375 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 119 of 123 Comprehensive Annual Financial ReportSource page 132
PRINCIPAL EMPLOYERS (EXCLUDING TOWN)
CURRENT YEAR AND NINE YEARS AGO
2016 2007
Nature Percentage Percentage
of of Total Town of Total Town
Employer Business Employees Rank Employment Employees Rank Employment
Reebok International Footwear 1,032 1 4.65% 1,200 1 5.83%
Computershare (Equiserve) Operations Center 737 2 3.32% 900 3 4.37%
Dunkin Brands, Inc. Food and Beverages 639 3 2.88% 555 5 2.70%
Meditech Hospital Software 387 4 1.75% 698 4 3.39%
Stoneridge Control Devices (Pollak) Automotive Engineering 300 5 1.35% 450 7 2.19%
Boston Mutual Inurance Insurance Sales and Service 274 6 1.24% 271 9 1.32%
One Beacon Insurance Insurance Sales and Service 225 7 1.01% 1,000 2 4.86%
Lojack Recovery Systems 191 8 0.86%
CB&I (Shaw Group) Engineering 180 9 0.81%
Harbar Food Manufacturer 150 10 0.68%
Casual Male Big & Tall Retail, Clothing 475 6 2.31%
Cumberland Farms Milk and Dairy Products, Gasoline 350 8 1.70%
Tweeter, Etc. Retail Audio and Video Equipment 230 10 1.12%
Totals 1,707 7.70% 3,474 16.87%
Source: Official Statements
Town of Canton, Massachusetts Page 120 of 123 Comprehensive Annual Financial ReportSource page 133
FULL-TIME EQUIVALENT TOWN EMPLOYEES BY FUNCTION
LAST TEN FISCAL YEARS
Function 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
General government…………………………………………………………….
28 27 28 28 27 27 27 26 26 24
Public safety…………………………………………….. 105 100 104 104 103 104 104 103 99 101
Education…………………………………………………… 402 391 427 427 429 416 423 440 426 443
Public works……………………………………………………………..
42 43 43 43 43 43 43 46 43 43
Health and human services…………………………………………………………..
9 9 9 10 9 9 9 9 9 10
Culture and recreation…………………………………………………
22 22 22 22 22 22 22 23 24 22
Total Town employees…………….…………………...……..
608 592 633 634 633 621 628 647 627 643
Source: Town personnel records
Town of Canton, Massachusetts Page 121 of 123 Comprehensive Annual Financial ReportSource page 134
OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
General Government:
Population…………………………………….. 20,063 20,767 20,985 21,003 21,529 20,159 20,708 20,853 20,717 20,878
Registered voters……………………………………..13,852 14,104 14,539 14,376 14,624 12,529 14,241 14,467 14,734 14,984
Public Safety:
Police
Criminal offenses……………………………………………… 663 623 419 422 448 554 909 464 384 945
Fire
Fire calls………………………………………………..1,137 1,023 930 1,000 1,470 1,391 1,242 1,500 1,800 1,683
Ambulance calls………………………………………… 2,653 2,471 2,729 2,600 2,304 2,367 2,250 2,600 2,100 2,525
Permits issued………………………………………………. 866 803 823 950 927 1,218 949 1,380 1,005 745
Building Department
Building permits issued………………………………….864 712 837 771 788 860 905 894 1,132 1,514
Other permits issued…………………………………. 1,636 1,629 1,478 1,497 1,406 1,536 1,670 2,062 2,030 1,885
Education:
Number of students…………………………………. 3,089 3,083 3,118 3,061 3,229 3,252 3,262 3,338 3,427 3,378
Public Works:
Highway
Roads paved (miles)……………………………………………… 1.3 0.0 2.4 0.6 1.4 3.9 0.8 1.7 3.6 2.5
Water
Water mains installed (miles)…………………………… 0.0 0.0 0.0 1.0 2.1 0.0 1.8 2.0 0.0 0.0
Sewer
Sanitary sewers installed (miles)……………………………
0.0 0.0 0.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0
Health and Human Services:
Board of Health
Inspections and complaint investigations……… 635 656 680 730 742 520 661 680 673 652
Permits issued……………………………………………….. 587 582 590 612 627 636 645 647 641 644
Council on Aging
Bus trips………………………………………….. 8,900 6,500 9,000 9,000 9,200 9,550 9,825 8,500 7,863 8,200
Culture and Recreation:
Libaries
Circulation……………………………………………. 255,276 266,498 261,512 262,132 288,148 308,552 315,297 294,718 301,191 269,045
Children's programs held……………………………………………. 104 100 107 117 118 349 132 132 132 241
Children's programs attendance…………………………………………….
2,128 1,895 2,510 2,811 2,857 4,673 3,550 3,004 3,004 3,985
Recreation
Swimming pool attendance…………………………………………….
9,837 8,960 10,962 7,360 8,120 8,000 9,600 9,426 4,446 6,056
Playground program participants…………………………………………….
1,397 1,253 1,599 1,509 1,509 1,509 1,400 812 1,008 1,294
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 122 of 123 Comprehensive Annual Financial ReportSource page 135
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
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 94 112 112 112 112 112 112
Water main (miles)…………………………………………. 122 122 122 123 123 123 123 123 123 123
Sanitary sewers (miles)…………………………………………. 66 66 66 66 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…………………….. - - - - 1 2 2 2 2 2
Health and Human Services:
Number of senior centers…………………….. - - - - - - - - 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
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 123 of 123 Comprehensive Annual Financial ReportSource page 136
The Town’s Veteran Services Department honored the memory and generosity of Canton resident Albert J. Meda with a plaque on the Meda family bench located at the Veterans Memorial Park at Canton Corner Cemetery. Mr. Meda passed away in 2011 and left $50,000 to the Canton Veterans’ Fund which will be used to improve the Veterans’ Memorial Park.