Welcome to the homepage for Natick's financial indicators. These indicators are used to develop a clear understanding of Natick’s present financial condition and to forecast, as best as reasonably possible, our financial future. The indicators are updated annually and plotted over time to facilitate ongoing monitoring and analysis.
The objective of the annual indicators is to present an analysis of Natick’s financial condition, which is generally defined as our ability to pay, on a continuing basis, for the cost of services needed and desired. This strategic planning effort helps us to create financial stability within our local government, thus minimizing impact on taxpayers.
This strategic financial planning facilitates efforts to:
Measure and monitor trends and changes in our financial condition
Identify forces affecting our condition
Foresee emerging problems and identify strategies in response to these factors, and
Create stability in our financial condition
A financially stable condition helps the community to:
Maintain existing service levels
Withstand local and regional economic disruptions
Meet demands and challenges associated with economic, demographic and other growth, decline or change
This strategic planning effort is a continuation of and consistent with several other recent and ongoing initiatives, including development of the Natick 360 Strategic Plan, development of financial management principles, improvements to the capital planning and budgeting processes, development and implementation of numerous revenue enhancement and expense control efforts, and more. All of these efforts are designed to allow us to identify and attain the desired future for the Town of Natick and its residents.
We encourage citizen participation in all of these efforts, and look forward to annually presenting and discussing the town’s financial condition.