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McHenry Times

Tuesday, April 23, 2024

The price of local government: Village of Lakewood

Budget 12

The Village of Lakewood budget was $6.70 million for its 2015 fiscal year, or $4,828.88 per household.

That's an increase of 8.8 percent from 2014, when the village spent $6.16 million, or $4,437.98 per household.

Lakewood has 1,388 households and a population of 3,811.

Since 2001, the Village of Lakewood budget has grown by 5.6 percent, from $6.35 million. The village population has grown 100.6 percent over the same period, from 1,900.

Salaries accounted for 23.9 percent of village spending in 2015. Lakewood property taxpayers paid $1.60 million for 18 full-time employees and 32 part-time employees.

In 2001, the village had 15 full-time employees and seven part-time employees, and spent $939,436.40.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2015
3,811
$6,702,484.26
$1,601,699.88
23.9
50
$32,033.99
2014
3,811
$6,159,916.03
$1,586,248.41
25.8
50
$31,724.96
2013
3,811
$7,649,509.92
$1,662,846.64
21.7
71
$23,420.37
2012
3,811
$7,745,912.90
$1,677,483.92
21.7
61
$27,499.73
2011
3,596
$9,120,304.08
$1,761,366.60
19.3
50
$35,227.33
2010
3,546
$7,482,453.39
$1,829,871.63
24.5
91
$20,108.47
2009
3,546
$7,366,723.12
$1,878,476.97
25.5
29
$64,775.06
2008
3,036
$12,321,142.58
$1,820,349.77
14.8
101
$18,023.26
2007
3,036
$9,333,968.67
$1,612,059.93
17.3
29
$55,588.27
2006
2,462
$9,763,436.40
$1,649,924.40
16.9
76
$21,709.53
2005
3,319
$7,244,909.56
$1,584,211.60
21.9
66
$24,003.20
2004
3,036
$8,279,587.65
$1,824,890.76
22
63
$28,966.52
2003
3,036
$7,644,856.56
$1,082,484.48
14.2
27
$40,092.01
2002
2,600
$6,588,635.85
$1,010,573.55
15.3
21
$48,122.54
2001
1,900
$6,346,796.26
$939,436.40
14.8
22
$42,701.65

All values in this story are inflation-adjusted real values.

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