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Millinocket

Millinocket. A Historical Perspective. 1898. Paper m ill construction c reated Millinocket Population grew with influx of skilled workers to construct the mill facility. Skilled craftsmen who built the mill stayed to make paper for this energized industry.

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Millinocket

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  1. Millinocket A Historical Perspective

  2. 1898 Paper mill construction created Millinocket Population grew with influx of skilled workers to construct the mill facility. Skilled craftsmen who built the mill stayed to make paper for this energized industry. Millinocket, the Magic City, was born.

  3. The Value of GNP In 1931, BDN editorial, “This industry in its infancy, means more to the people of Bangor and Eastern and Northern Maine than the average human intellect can comprehend.” In 1938, Time Magazine wrote, “Many publishers in recent years have contracted for their newsprint on the condition it [the price] not be above that asked by Great Northern.” In 2014, the Bangor Daily News wrote, “Industries don’t last in one place forever”.

  4. 2013 Summer

  5. 2014 Summer

  6. Brookfield Building 2014

  7. Population Demographic Comparison for 2000 and 2010 for Millinocket The following pages are to illustrate the changes that the U.S. Census Bureau has documented for the years 2000 and 2010. This data can be used to focus on a strategic plan for Millinocket for Town and School services as well as create a dialogue for development of an economic development strategic plan for Millinocket and the surrounding region.

  8. Population Growth for Millinocket US Census Bureau Data Population increased and decreased as Great Northern grew and declined. 2010 population is below 1920 population.

  9. East Millinocket (1,823) (1,722) (1,332) Medway (1,490) (1,348) ( 905) Population is decreasing at a rate of about 15% per year. Current population is below the 1920 population for Millinocket. Projected population for 2030 is near the 1900 census level. Together, Medway, East Millinocket and Millinocket has a projected population of about 4,792 in the year, 2030 which is slightly above the population levels for Millinocket alone.

  10. This age group represents the residents who are at school age.

  11. This age group typically represents those attending college or other post secondary education or training programs. This could be an indicator of this group staying at home while obtaining an education, those not seeking higher education or those who entered the workforce.

  12. This demographic typically makes up the age that create family units that would bring children into the community and would build new or purchase existing homes.

  13. This age group is increasing. This group typically have homes and are working in or in commuting distance from Millinocket.

  14. This demographic is also increasing and represents the population leaving the workforce and entering retirement.

  15. The last revaluation of the Town was 1993. If we completed a revaluation of the town the mil rate would decrease but the values of the properties, (mostly residential properties), would increase and the result would be some shifting of tax burdens, but with property values that reflect true to market rates.

  16. Changes in Fund Balance from 2003 to 2014 Normally, it is recommended the Town to have 2 to 3 months in FB. The Fund Balance pays for town and school expenses from July 1, until taxes are paid after commitment. For FY 2014, the tax due date was mid September 2013, 2.5 months after the beginning of the year. Current Fund Balance is about $1.8 million and the Town and School together spend about $1.013 million a month. (The numbers below $0 is the total over spent School amounts.)

  17. According to the Town and School auditor, the recommended amount for fund balance to reassure creditors that the Town can repay any loans is desired to be about 20% - 22% of the total town and school budget. Any amount lower could result in higher interest rates or the town or school being declined on any loan applications.

  18. The Town’s tax collection rates have been declining over the past few years and the amount of tax acquired and sewer lien acquired properties is increasing. The decreased tax collection rates increases the accounts receivable and overinflates the Town’s fund balance. (A sizable portion of the fund balance is in receivables and not in actual cash.)

  19. Town Employment Levels 1986 to 2014

  20. Administrative Services Town Management Finance Town Clerk Tax Collector Tax Assessor General Assistance-Welfare Human Resources-Personnel Town Council KARE Economic Development Public Relations

  21. Changes to Services Web and Electronic Services Credit Card Services Website Information Other Social Media Public Access Television for Meetings Other

  22. Administrative Budgets 2013 Revenues and Expenses 2016 Budget Reductions

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