Population

· The population of Preston decreased from 5,006 in 1990 to 4,688 in 2000.

· The median income of residents in Preston increased from $42,823 in 1990 to $54,942 in 2000. The median income measures the income of households in the middle of the income spread.

· When adjusted for inflation, median income decreased –2.6% from 1990 to 2000.

Economy

· The number of jobs in Preston decreased from 1,530 in 1993 to 1,050 in 1998.

· The property tax base per household increased from $181,704 in 1995 to $188,506 in 2000. This is a measure of how much wealth in the form of taxable property a community has, divided by the number of households in the community.

· The property tax base decreased –8% from 1995 to 2000, adjusting for inflation.

Education

· In 2000, Preston’s property tax base per pupil was $556,434. This is a measure of how much wealth in the form of taxable property a community has, divided by the number of students in the public schools.

· Preston received $5,597 per pupil in state education aid in 2000.

· In 2000, 13.1% of the elementary school children in Preston schools were eligible for free or reduced school lunch; 4.6% were non-Asian minorities.

· Enrollment in Preston schools increased 5.3% between 1993 and 2000.