Lasell’s Direct Impact on the Local Economy

Lasell College and Lasell Village contribute directly to the local economy in taxes paid, utilities, payroll and local purchases.

Lasell College Direct Impact*
Payroll - total compensation paid $20.3M
Taxes paid to the Commonwealth of Massachusetts (State withholding taxes) $894K
Local purchases (supplies, equipment, including payments to the college for contracts and wage reimbursements) $3.9M
Real Estate Taxes $59K
Utilities (gas, oil, electric, sewer, water) $2.02M
Capital Projects $6.7M
Financial Aid - Local Students
Local students (101 from Newton and surrounding area) received $1,099,330 in financial aid, $657,947 of that was provided by Lasell. $658K
Additional Impact
Estimated expenditures of students (avg.)
(1,178) x $200/month = $1,884,800 
$1.9M
Lasell Village Direct Impact*
Payroll - total paid $4.7M
Taxes paid to the Commonwealth of Massachusetts (State withholding taxes) $197K
Local purchases (activities, supplies, including payments to the college for contracts and wage reimbursements) $2.4M
Utilities $907K
Real Estate Taxes $642K
Total Capital Projects $617K

* Figures rounded

GRAND TOTAL

$45.9M

News Highlight

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Featured Event

Lasell College Drama Club Presents "Nine" the Musical  Saturday, December 7, 2013Yamawaki Auditorium