Monthly Archives: February 2014

LYNNFIELD TRANSPARENCY IS ON FACEBOOK!

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DEBT SERVICE FOR REEDY MEADOW MET IN 2026

Based on last nights Finance Committee Meeting, our outstanding bond obligation for Reedy Meadow is $8.094M.  Based on our payment schedule, our debt service will be met in 2026 .

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PURPOSE OF THE FINANCE COMMITTEE

ORIGINS OF FINANCE COMMITTEES IN MASSACHUSETTS In 1870, a group of Quincy citizens banded together to restore financial order in their municipality, creating the Commonwealth’s first finance committee. In 1910, the Massachusetts courts ruled that a municipal finance committee was legal. In

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DID YOU KNOW?

Lynnfield had a long-standing tradition of open public participation at Board of Selectmen’s [BOS] meetings until the spring of 2013.  The Agenda item “…address any and all other business to come before the Board…” was used as the vehicle for

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Postings will resume the week of February 24.

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State Dollars Received Since 2004!

SINCE 2004 MONIES RECEIVED FROM THE STATE HAS DECLINED BY 7.6%. The good news…… it looks like we are trending upwards. FISCAL YEAR TOTAL DOLLARS RECEIVED FROM STATE, EXCISE TAX ETC (CHERRY SHEET ETC) 2004 $12,183,896.00 2005 $9,787,948.00 2006 $11,032,135.00

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US Inflation Rates Provided For Your Review

The following numbers are provided to help you further analyze Lynnfield budgetary numbers. US Inflation Per Year in % (data from US Bureau of Labor Statistics)   2005 3.4 2006 3.2 2007 2.8 2008 3.8 2009 -0.4 2010 1.6 2011

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