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Lake County Gazette

Friday, April 25, 2025

The price of local government in 2016: Village of Third Lake

Budget04

The Village of Third Lake budget was $790,650 for its 2016 fiscal year, or $1,805 per household.

That's a decrease of 0.9 percent from 2015, when the village spent $798,180, or $1,822 per household.

Third Lake has 438 households and a population of 1,194.

Since 2001, the Village of Third Lake budget has grown by 10.8 percent, from $713,813. The village population has fallen 11.9 percent over the same period, from 1,355.

Salaries accounted for 6.8 percent of village spending in 2016. Third Lake property taxpayers paid $53,565 for three part-time employees, or an average of $17,855 each, before their health care benefits and taxpayer-funded pension contributions.

In 2001, the village had four part-time employees and spent $54,082, or $13,521 each.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2016
1,194
$790,650
$53,565
6.8
3
$17,855
2015
1,182
$798,180
$50,252
6.3
3
$16,751
2014
1,182
$771,892
$45,671
5.9
3
$15,224
2013
1,182
$600,696
$46,858
7.8
3
$15,619
2012
1,182
$569,852
$46,362
8.1
3
$15,454
2011
1,182
$616,641
$49,647
8.1
3
$16,549
2010
1,382
$611,382
$47,340
7.7
3
$15,780
2009
1,382
$1,140,922
$46,925
4.1
3
$15,642
2008
1,355
$1,440,326
$54,949
3.8
3
$18,316
2007
1,355
$1,565,872
$63,805
4.1
2
$31,902
2006
1,355
$1,038,595
$64,229
6.2
2
$32,114
2005
1,403
$757,913
$57,646
7.6
3
$19,215
2004
1,355
$741,339
$58,086
7.8
3
$19,362
2003
1,355
$943,840
$55,470
5.9
3
$18,490
2002
1,355
$758,510
$55,376
7.3
3
$18,459
2001
1,355
$713,813
$54,082
7.6
4
$13,521

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

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