PROSPECTUS

OFFICIAL STATEMENT
Summary Statement

 
THE BONDS:
Description of the Bonds
Qualified Bonds
Redemption Provisions
Notice of Redemption
Record Date
Book-Entry Only System
Authorization of the Bonds and Use of Proceeds
Tax Exemption
Continuing Disclosure
Opinion of Bond Counsel
Ratings
Source of Payment and Remedies
Use of State Distributions to Pay Debt Service

 
CITY OF REVERE, MASSACHUSETTS:
General
Form of Government
Principal Executive Officers
Municipal Services
Industry and Commerce
Largest Employers
Retail Sales
Building Permits
Unemployment
Education
Population and Income levels
Population Trends

 
PROPERTY TAXATION:
Tax Levy Computation
Assessed Valuations and Tax Levies
Tax Rates
Largest Taxpayers
State Equalized Valuation
Overlay
Tax Levies and Collections
Tax Titles and Possessions
Taxation to Meet Deficits
Property Tax Limitations
The Primary Levy Limit
The Maximum Levy Limit
Levy Limits
Initiative Petitions

 
CITY FINANCES:
Budget and Appropriation Process
Budget Trends
Comparative Budget Trends
Accounting Policies
Education Reform
Investment of City Funds
Annual Audits
Financial Statements
Combined Balance Sheet - All Funds, June 30, 1996
Combined Balance Sheet - All Funds, June 30, 1995
Comparative Statement of Revenues, Expenditures, and Changes in Fund Balance - General Fund, June 30, 1992 through June 30, 1996
Surplus Revenue and Free Cash
Fiscal 1997 Projected Year End Operating Results

 
INDEBTEDNESS:
Authorization Procedure and Limitations
Debt Limits
Types of Obligations
Direct Debt Summary
Projected Principal Payments by Purpose
Debt Ratios
Authorized Unissued Debt and Prospective Financing
Overlapping Debt
Contractual Obligations
RETIREMENT PLAN
EMPLOYEE RELATIONS
LITIGATION
UNDERWRITING
LEGAL MATTERS

 
APPENDIX A - City of Revere Fiscal 1996 Financial Statements

 
APPENDIX B - Proposed Form of Legal Opinion