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Peoria Standard

Saturday, November 23, 2024

The price of local government: Village of Tower Hill

Budget 06

The Village of Tower Hill budget was $529,471.80 for its 2015 fiscal year, or $2,462.66 per household.

That's an increase of 14.5 percent from 2014, when the village spent $462,562.70, or $2,151.45 per household.

Tower Hill has 215 households and a population of 625.

Since 2001, the Village of Tower Hill budget has grown by 24.2 percent, from $426,179.60. The village population has grown 11.6 percent over the same period, from 560.

Salaries accounted for 16 percent of village spending in 2015. Tower Hill property taxpayers paid $84,747.72 for three full-time employees, or an average of $28,249.24 each, before their health care benefits and taxpayer-funded pension contributions.

In 2001, the village had two full-time employees and one part-time employee, and spent $84,718.06.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2015
625
$529,471.80
$84,747.72
16
3
$28,249.23
2014
625
$462,562.70
$81,417.38
17.6
5
$16,283.47
2013
625
$467,053.60
$82,461.60
17.7
5
$16,492.32
2012
625
$455,895.40
$86,206.62
18.9
5
$17,241.32
2010
625
$370,291.56
$63,558.60
17.2
5
$12,711.72
2009
625
$351,393.84
$81,856.07
23.3
7
$11,693.72
2008
609
$205,547
$79,843.54
38.8
7
$11,406.22
2007
560
$381,237.48
$80,534.61
21.1
4
$20,133.65
2006
560
$371,238
$85,640.40
23.1
4
$21,410.10
2005
560
$603,242.64
$112,031.52
18.6
4
$28,007.88
2004
560
$254,452.50
$94,264.17
37
4
$23,566.04
2003
560
$244,173.60
$92,262.72
37.8
4
$23,065.68
2002
560
$444,082.50
$78,842.70
17.8
4
$19,710.67
2001
560
$426,179.60
$84,718.06
19.9
3
$28,239.35

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

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