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Lake County Gazette

Friday, April 26, 2024

The price of local government: Village of Third Lake

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The Village of Third Lake budget was $768,060 for its 2015 fiscal year, or $1,753.56 per household.

That's an increase of 2.4 percent from 2014, when the village spent $750,046, or $1,712.43 per household.

Third Lake has 438 households and a population of 1,182.

Since 2001, the Village of Third Lake budget has grown by 11.5 percent, from $688,678.45. The village population has fallen 12.8 percent over the same period, from 1,355.

Salaries accounted for 6.3 percent of village spending in 2015. Third Lake property taxpayers paid $48,356.16 for three part-time employees, or an average of $16,118.72 each, before their health care benefits and taxpayer-funded pension contributions.

In 2001, the village had four part-time employees and spent $52,177.82, or $13,044.46 each.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2015
1,182
$768,060
$48,356.16
6.3
3
$16,118.72
2014
1,182
$750,046
$44,378.58
5.9
3
$14,792.86
2013
1,182
$578,448
$45,122.48
7.8
3
$15,040.82
2012
1,182
$554,168
$45,086.04
8.1
3
$15,028.68
2011
1,182
$589,356
$47,449.80
8.1
3
$15,816.60
2010
1,382
$595,293
$46,093.86
7.7
3
$15,364.62
2009
1,382
$1,101,916.11
$45,320.91
4.1
3
$15,106.97
2008
1,355
$1,391,084.24
$53,070.45
3.8
3
$17,690.15
2007
1,355
$1,501,697.34
$61,189.83
4.1
2
$30,594.91
2006
1,355
$997,051.20
$61,659.60
6.2
2
$30,829.80
2005
1,403
$722,932.40
$54,985.32
7.6
3
$18,328.44
2004
1,355
$713,677.02
$55,918.92
7.8
3
$18,639.63
2003
1,355
$916,080
$53,838.84
5.9
3
$17,946.28
2002
1,355
$731,420.55
$53,397.90
7.3
3
$17,799.30
2001
1,355
$688,678.45
$52,177.82
7.6
4
$13,044.45

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

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