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Thursday, April 25, 2024

The price of local government in 2016: Village of Fairmount

Budget 13

The Village of Fairmount budget was $505,050 for its 2016 fiscal year, or $2,296 per household.

That's a decrease of 14.5 percent from 2015, when the village spent $590,420, or $2,684 per household.

Fairmount has 220 households and a population of 642.

Since 2001, the Village of Fairmount budget has fallen by 39.9 percent, from $840,004. The village population has grown 0.3 percent over the same period, from 640.

Salaries accounted for 16.5 percent of village spending in 2016. Fairmount property taxpayers paid $83,340 for 18 part-time employees, or an average of $4,630 each, before their health care benefits and taxpayer-funded pension contributions.

In 2001, the village had two full-time employees and seven part-time employees, and spent $56,229.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2016
642
$505,050
$83,340
16.5
18
$4,630
2015
640
$590,420
$84,691
14.3
18
$4,705
2014
640
$352,450
$65,507
18.6
18
$3,639
2013
640
$470,340
$54,812
11.7
20
$2,741
2010
640
$802,617
$62,300
7.8
9
$6,922
2009
640
$771,966
$67,386
8.7
9
$7,487
2008
640
$700,596
$58,412
8.3
9
$6,490
2007
640
$641,497
$61,942
9.7
9
$6,882
2006
640
$726,808
$71,066
9.8
9
$7,896
2005
640
$970,518
$92,054
9.5
9
$10,228
2004
640
$679,738
$61,951
9.1
9
$6,883
2003
640
$689,883
$55,011
8
9
$6,112
2002
640
$828,173
$53,754
6.5
9
$5,973
2001
640
$840,004
$56,229
6.7
9
$6,248

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

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