Issue link: https://nebusinessmedia.uberflip.com/i/1109602
www.HartfordBusiness.com • April 29, 2019 • Hartford Business Journal 19 Government Total revenue (2016) $150,107,000 Per capita tax $2,560 Total expenditures $145,402,000 Total indebtedness $130,880,000 as % of expenditures 90% Annual debt service $9,428,000 Moody's bond rating Aa2 Actual mill rate 29.14 Net Grand List $3,828,716,963 Housing stock Existing units 17,747 % single unit 71% New permits (2017) 79 as % of existing units 0.4% Residential sales 519 Median price $267,800 Median rent $1,033 Top 5 grand list Company Amount Eversource (CL&P) $83,241,000 Yankee Gas $19,810,000 45 Newell Street (Yarde Metals) $16,467,000 Home Depot (two locations) $15,451,000 RK Southington LLC (Gallileo Queens Plaza) $11,744,000 Town Profile Southington Town Hall address: 75 Main St., Southington, CT 06489 (860) 276-6200 News Around Town ■ ■ Groton developer Hunter Build LLC is proposing a $3 million, 40-unit age- restricted multifamily residential project in Southington. ■ ■ Eversource Energy is underway with a $1.1 million gas distribution system upgrade in the Plantsville section of town. ■ ■ Southington last month became the fourth Connecticut municipality to raise its tobacco purchase age to 21, Fox 61 reports. General Land area (sq. miles) 36 Households 16,840 Median household income $88,214 Poverty rate 3.9% Crime rate (per 100,000 residents) 2,404 Population 2000 39,728 Projected 2020 43,791 Median age 45 Largest age demographic 45-64, (31%) Educational attainment (2016) Persons age 25 or older 73% of population High school graduate 28% Associate degree 9% Bachelor's or more 38% Labor Force (Residence) Employed 23,242 Unemployed 1,011 Unemployment rate 4.2% Places of work Total employers 1,242 Total employed 15,732 Economics Business profile Sector Units Employ- ment Construction 150 1,049 Manufacturing 82 1,995 Retail trade 153 2,662 Accomodation and food services 128 2,197 Health care and social assistance 117 2,000 Total government 27 1,588 Major Employers • Town of Southington • Webster Bank • Yarde Metals • YMCA • Hartford HealthCare Source: Connecticut Economic Resource Center PETE SOUZA Official White House Photographer for Presidents Obama and Reagan LYNSEY ADDARIO Pulitzer Prize-winning War and Conflict Photographer Moderator: LUCY NALPATHANCHIL Host of WNPR's Where We Live BRIAN SKERRY Renowned Underwater Photographer Live at The Bushnell AN UNSCRIPTED, UNFORGETTABLE CONVERSATION LIFETIME PATRONS: Aetna | Connecticut Public | The Hartford Financial Services Group | Infosys | Lincoln Financial Foundation The Rosalyn Group | Stanley Black & Decker | Travelers | United Technologies Corporation | Voya Financial For tickets and info CALL 860.509.0909 OR VISIT CTFORUM.ORG