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Peoria Standard

Wednesday, July 16, 2025

The price of local government in 2017: Village of Smithfield

Budget 05

The Village of Smithfield budget was $171,870 for its 2017 fiscal year, or $1,828 per household.

That's a decrease of 1.1 percent from 2016, when the village spent $173,775, or $1,849 per household.

Smithfield has 94 households and a population of 222.

Since 2001, the Village of Smithfield budget has grown by 170.2 percent, from $63,616. The village population has grown 3.7 percent over the same period, from 214.

Salaries accounted for 10.6 percent of village spending in 2017. Smithfield property taxpayers paid $18,288 for four part-time employees, or an average of $4,572 each, before their health care benefits and taxpayer-funded pension contributions.

In 2001, the village had seven part-time employees and spent $10,079, or $1,440 each.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2017
222
$171,870
$18,288
10.6
4
$4,572
2016
221
$173,775
$17,799
10.2
4
$4,450
2015
223
$177,020
$17,922
10.1
12
$1,494
2014
214
$204,580
$15,064
7.4
12
$1,255
2013
214
$200,880
$12,896
6.4
12
$1,075
2012
214
$188,025
$13,973
7.4
12
$1,164
2011
214
$167,353
$13,914
8.3
12
$1,159
2010
214
$228,114
$12,294
5.4
12
$1,024
2009
208
$153,241
$15,511
10.1
12
$1,293
2008
208
$63,385
$11,014
17.4
11
$1,001
2007
208
$66,094
$11,846
17.9
11
$1,077
2006
210
$67,719
$10,933
16.1
7
$1,562
2005
216
$70,428
$12,286
17.4
7
$1,755
2004
216
$72,595
$10,914
15
7
$1,559
2003
214
$64,124
$11,688
18.2
7
$1,670
2002
214
$63,140
$10,464
16.6
7
$1,495
2001
214
$63,616
$10,079
15.8
7
$1,440

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

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