Fiscal Impact Report

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John Connery of Connery Associates has prepared a fiscal impact report analyzing the impact this development would have on the town of Holbrook. Connery has produced similar studies for towns and developers throughout Massachusetts.

A revised fiscal impact report for Phase One of Old English Square is now available. This report assumes Phase One of the originally proposed Old English Square development will be developed as a stand-alone project.

Download the Phase One Fiscal Impact Report PDF.
Download the Original Fiscal Impact Report PDF.
Download Adobe Acrobat (must have in order to download a PDF.)

Fiscal Impact Review
Old English Square Phase One
Holbrook, Massachusetts

September 30, 2003

Table of Contents

1.0 Overview
2.0 Summary of Findings
3.0 Residential Costs
4.0 Combined Commercial and Residential Costs
5.0 Revenue Generation
6.0 Net Fiscal Position

Appendix 1: Percent of Service Costs by Department and Development Type
Appendix 2: School Aged Children Analysis by Residential Type
Appendix 3: Burlington Apartment Survey, Student Generation Rates
Appendix 4: School Children Generation Studies Melrose, MA
Appendix 5: Abbott Development, Boston, MA

A Fiscal Impact Analysis
Union Street Mixed Use Development
Holbrook, Massachusetts

December 17, 2002

Table of Contents

1.0 Overview
2.0 Summary of Findings
3.0 Municipal Revenue and Expenditure
4.0 Education Costs
4.1 Estimating School Children by Residential Type
5.0 Measuring Non-Education Costs
6.0 Revenue Sources and the Revenue Ratio
7.0 Commercial Component
8.0 Net Fiscal Impact
9.0 New Growth Tax Benefits
10.0 Construction Permit Revenue
11.0 Economic Impact

Addendum 1 Alternate Development Scenarios and Associated Fiscal Impact

Addendum 1: Alternate Use 1: Condominium Use
Addendum 1: Alternate Use 2: Trucking Terminal and Warehouse

Appendix 1: Percent of Service Costs by Department and Development Type
Appendix 2: School Aged Children Analysis by Residential Type
Appendix 3: Burlington Apartment Survey, Student Generation Rates
Appendix 4: School Children Generation Studies, Melrose, MA
Appendix 5: Abbott Development, Boston, MA

© 2002 The Mullins Company