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Arlington Visual Budget

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  • Budgeting 101
    • Arlington’s Long Range Plan
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    • New Growth
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  • Property Taxes 101
    • How are the tax rate and your tax bill calculated?
    • Assessed Values
    • Prop 2 1/2
    • Why did my property tax increase more than 2.5%?
    • What is an override?
      • History of Prop 2 1/2 Overrides
    • What is a debt exclusion?
      • History of Prop 2 1/2 Debt Exclusions
    • MWRA Debt Shift
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New Growth

“New Growth” is the increase of the property tax base beyond basic inflation, and is mainly the result of new construction, “teardown” replacements, and significant additions to existing property. New Growth is in addition to the growth limit of Prop 2 1/2. You can read more about New Growth in “Levy Limits: A Primer on Proposition 2 1/2“.

New Growth is not known at the time budgets are approved, so must be estimated based on historical averages and best judgement. New Growth in excess of the estimate will be returned for use in future years as Free Cash. New Growth is highly dependent on major new developments, and economies that encourage additions to existing properties.

Forecasts for new growth start at $650,000 for the current fiscal year and are reduced $50,000 each year to $450,000 in the fourth year of the Long Range Plan. This is a conservative estimate, anticipating the possibility of an economic downturn and will be revised each year.

New Growth History and Projections FY 2006-FY 2024

Fiscal Year"Normal"Brigham SquareSymmesTotal 
FY 2006$844,013$844,013actual
FY 2007$887,247$887,247actual
FY 2008$640,013$640,013actual
FY 2009$642,912$642,912actual
FY 2010$726,955$726,955actual
FY 2011$656,751$656,751actual
FY 2012$522,167$522,167actual
FY 2013$516,404$128,657$12,142$657,203actual
FY 2014$448,797$180,666$764,490$1,393,953actual
FY 2015$947,322$307,971$1,255,293actual
FY 2016$1,337,666$1,337,666actual
FY 2017$1,070,144$1,070,144actual
FY 2018$1,263,812$1,263,812actual
FY 2019$981,206$981,206actual
FY 2020$650,000$650,000forecast
FY 2021$600,000$600,000forecast
FY 2022$550,000$550,000forecast
FY 2023$500,000$500,000forecast
FY 2024$450,000$450,000forecast
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