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Illinois Valley Times

Sunday, July 13, 2025

The price of local government: City of Princeton

Budget 02

The City of Princeton budget was $62.94 million for its 2015 fiscal year, or $18,158.73 per household.

That's a decrease of 5.4 percent from 2014, when the city spent $66.53 million, or $19,195.45 per household.

Princeton has 3,466 households and a population of 7,415.

Since 2001, the City of Princeton budget has grown by 13.1 percent, from $55.67 million. The city population has fallen 1.1 percent over the same period, from 7,501.

Salaries accounted for 9.2 percent of city spending in 2015. Princeton property taxpayers paid $5.82 million for 241 full-time employees and 233 part-time employees.

In 2001, the city had 434 full-time employees and 34 part-time employees, and spent $18.21 million.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2015
7,415
$62,938,142.22
$5,816,851.92
9.2
474
$12,271.83
2014
7,525
$66,531,413.15
$5,806,722.85
8.7
474
$12,250.47
2013
7,525
$81,986,587.28
$21,643,232
26.4
496
$43,635.54
2012
7,581
$81,984,485.24
$22,062,105.42
26.9
478
$46,155.03
2011
7,660
$86,289,357.24
$21,786,224.40
25.2
456
$47,776.80
2010
7,660
$76,396,443.75
$22,094,380.17
28.9
450
$49,098.62
2009
7,501
$68,443,936.15
$27,340,032.47
39.9
474
$57,679.39
2008
7,501
$67,338,197.25
$20,102,339.53
29.9
490
$41,025.18
2007
7,501
$61,367,280.39
$19,176,356.16
31.2
489
$39,215.45
2006
7,501
$57,714,700.80
$19,233,242.40
33.3
485
$39,656.16
2005
7,501
$64,427,670.76
$20,220,288.16
31.4
487
$41,520.09
2004
7,501
$61,550,175.06
$19,787,420.94
32.1
484
$40,883.10
2003
7,501
$56,713,679.88
$21,001,082.52
37
487
$43,123.37
2002
7,501
$55,847,377.80
$19,665,621.45
35.2
487
$40,381.15
2001
7,501
$55,670,619.93
$18,205,058.68
32.7
468
$38,899.69

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

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