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)

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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)

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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)

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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!
Inside Town Finances v1 chart
Inside Town Finances v2 chart