The town reports more than $90 million in new growth for FY2013, but don't plan on that to continue.
While future growth is expected to decline, Northborough's books reported $92.9 million in new growth valuation for FY2013. As part of a report presented recently by Town Administrator John Coderre, these new growth valuations were broken into categories. Here are the FY2013 new growth values (in millions): Residential: $16.6 Commercial: $55.4 Industrial: $2.2 Total Real Estate Growth: $74.2 Personal Property: $18.7 Total valuation increased $12.6 million in FY2013 to $2.49 billion. Once again, noted Coderre, there has been "significant benefit from economic development." Coderre also noted that "FY2013 captured virtually all of Northborough Crossing's new growth." The trend is expected to decline.