Financial Report Offers Peek at Town Data

The town's recently released Annual Financial Report is 127 pages long with a treasure trove of information, which have led officials to say they are pleased with Newtown's financial situation.

As of June 30, 2011, the town's combined net assets totaled about $206 million with an unassigned fund balance of $7.4 million or 7.2 percent of of its bugetary expenditures.

Instead of a list of mind-numbing financials, below are some statistics gleaned from the report – produced by the – that many people may not know but find interesting about the town.

For instance, the real estate, vehicles and personal property in the town is estimated to have a value of nearly $5 billion. (It's assessed by the town at nearly $4 billion.)

Also, apparently more than half of the population is believed to hold a bachelor's or more advanced college degree. Most residents apparently work in Fairfield or Westchester (NY) counties, however the town has an unemployment rate of nearly 7-percent, according to the financial report.

The report also said the Big Y supermarket is the 10th largest employer in town with 151 workers compared to the Board of Education, which at nearly 800 workers is the largest employer, followed by Masonicare at 315.

Below are more details or click on the .pdf for the full report.

Assessed and estimated values (2002 compared to 2011)

Real estate assessed value: $1,549,280,460; $3,633,553,446

Real estate estimated value $3,098,560,920; $4,439,726,674

Total assessed value (real estate, car, personal property): $1,819,405,611; $3,957,641,516

Total estimated value: $3,484,453,993; $4,902,709,631

Mill rate from last five years (town and total town and borough)

2007: 27.30, 28.15

2008: 28.10, 28.95

2009: 23.20, 23.81

2010: 23.43, 24.61

Top 10 property taxpayers and their assesed values

1. Connecticut Light & Power: $20,735,920

2. E & A.I. & G Sandhill Plaza Ltd. Partnership: $18,944,980

3. Iroquois Gas Transmission System: $18,783,060

4. Curtis Packaging Corp: $13,358,970

5. Newtown Shopping Village (Big Y anchor): $11,651,660

Financials

Net tax collections of current year: $91,982,638

Percentage of tax collected: 99.1-percent

Demographic information about town

Population: 27,605

Average personal income: $105,744

Per capita income: $56,000

Median age: 40 (from 2008 town profile)

Education level: 53-percent have bachelor's degree or higher

Unemployment percentage: 6.9-percent

Top employers in town and number of employees working there:

1. Board of Education: 796

2. Masonicare of Newtown: 315

3. State Department of Corrections (Garner): 294

4. Taunton Press: 245

5. Charter Communications: 222

6. Newtown Savings Bank: 203

7. Town of Newtown: 174

8. Stop & Shop supermarket: 160

9. Curtis Packaging: 153

10. Big Y supermarket: 151

11. Hubbell Wiring Devices-Kellems: 150

12. Caraluzzi's: 133

Correction: The real estate, vehicles and personal property in the town is assessed by the town at nearly $4 billion. An earlier version of this article had the wrong denomination.