Skip top navigation

COVID-19 DashboardView daily testing data and results.Read More

Lasell’s Direct Impact on the Local Economy

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

Lasell University 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 University 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 University for contracts and wage reimbursements) $2.4M
Utilities $907K
Real Estate Taxes $642K
Total Capital Projects $617K

* Figures rounded

GRAND TOTAL
$45.9M