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McHenry Times

Friday, April 26, 2024

The price of local government in 2017: Village of Lakewood

Budget 09

The Village of Lakewood budget was $8.67 million for its 2017 fiscal year, or $22,804 per household.

That's a decrease of 11.4 percent from 2016, when the village spent $9.78 million, or $25,734 per household.

Lakewood has 380 households and a population of 3,811.

Since 2001, the Village of Lakewood budget has grown by 31.7 percent, from $6.58 million. The village population has grown 100.6 percent over the same period, from 1,900.

Salaries accounted for 18.4 percent of village spending in 2017. Lakewood property taxpayers paid $1.60 million for 18 full-time employees and 30 part-time employees.

In 2001, the village had 15 full-time employees and seven part-time employees, and spent $973,722.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2017
3,811
$8,665,708
$1,597,667
18.4
48
$33,285
2016
3,811
$9,778,772
$1,696,983
17.4
66
$25,712
2015
3,811
$6,965,327
$1,664,512
23.9
50
$33,290
2014
3,811
$6,339,331
$1,632,450
25.8
50
$32,649
2013
3,811
$7,943,722
$1,726,802
21.7
71
$24,321
2012
3,811
$7,965,137
$1,724,960
21.7
61
$28,278
2011
3,596
$9,542,540
$1,842,911
19.3
50
$36,858
2010
3,546
$7,684,682
$1,879,328
24.5
91
$20,652
2009
3,546
$7,627,492
$1,944,972
25.5
29
$67,068
2008
3,036
$12,757,289
$1,884,787
14.8
101
$18,661
2007
3,036
$9,732,856
$1,680,951
17.3
29
$57,964
2006
2,462
$10,170,246
$1,718,671
16.9
76
$22,614
2005
3,319
$7,595,470
$1,660,867
21.9
66
$25,165
2004
3,036
$8,600,502
$1,895,623
22
63
$30,089
2003
3,036
$7,876,519
$1,115,287
14.2
27
$41,307
2002
2,600
$6,832,659
$1,048,002
15.3
21
$49,905
2001
1,900
$6,578,431
$973,722
14.8
22
$44,260

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

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