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Inside Town Finances
Inform and Educate
The Board of Selectmen’s Office is pleased to introduce “Inside Town Finances”, a weekly one-page publication designed to inform and educated the community on various municipal financial topics. Topics to be explored include revenue sources, local receipts, Proposition 2 1/2 , expenses, Fund Balance, and enterprise funds.
Inside Town Finances: Read and Watch All Volumes
| Volume 1 - Revenue | Provides an overview of Town revenue sources and how the tax levy, our largest source of revenue is calculated. (Jan 14, 2020) |
Read (PDF) | Watch Video |
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| Volume 2 - Local Receipts | Explores Local Receipts, which make up about 10% of total Town revenue and include motor vehicle excise tax, ambulance revenue, investment income, and more. (Jan 20, 2021) |
Read (PDF) | Watch Video |
| Volume 3 - Excluded Debt | Outlines how excluded debt works and explains how the Town uses these temporary tax increases to finance large school and municipal projects. (Jan 26, 2021) |
Read (PDF) | Watch Video |
| Volume 4 - Property Tax Bills | 75% of Hingham’s revenue comes from property taxes, which are paid quarterly. Check out Volume 4 of Inside Town Finances on the Board of Selectmen website to learn how the Town calculates your property tax bill. (Feb 2, 2021) |
Read (PDF) | Coming Soon! |
| Volume 5 - Proposition 2 1/2 and the Impact of Voter-Authorized Tax Increases | NEW! Delves into operating overrides and debt exclusions to explore how voter-authorized tax increases impact property tax bills over time. (Feb 9, 2021) | Read (PDF) | Coming Soon! |
| Volume 6 - Fund Balance | Explores how Fund Balance (also known as Free Cash or Available Reserves) is calculated and how it can be used according to the Town’s financial policy. | Read (PDF) | Coming Soon! |