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Illinois Valley Times

Friday, April 19, 2024

The price of local government in 2017: Village of Lostant

Budget007

The Village of Lostant budget was $388,926 for its 2017 fiscal year, or $1,531 per household.

That's a decrease of 15.5 percent from 2016, when the village spent $460,215, or $1,812 per household.

Lostant has 254 households and a population of 498.

Since 2001, the Village of Lostant budget has fallen by 20.5 percent, from $489,332. The village population has fallen 9.5 percent over the same period, from 550.

Salaries accounted for 27.4 percent of village spending in 2017. Lostant property taxpayers paid $106,532 for 20 part-time employees, or an average of $5,327 each, before their health care benefits and taxpayer-funded pension contributions.

In 2001, the village had eight part-time employees and spent $70,445, or $8,806 each.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2017
498
$388,926
$106,532
27.4
20
$5,327
2016
498
$460,215
$119,028
25.9
20
$5,951
2015
498
$258,269
$116,047
44.9
21
$5,526
2014
498
$372,643
$117,206
31.5
21
$5,581
2013
498
$334,962
$97,206
29
23
$4,226
2012
498
$310,051
$90,354
29.1
22
$4,107
2011
471
$321,429
$78,918
24.6
22
$3,587
2010
471
$388,808
$79,028
20.3
21
$3,763
2009
472
$429,858
$69,252
16.1
20
$3,463
2008
473
$462,524
$83,433
18
20
$4,172
2007
479
$357,826
$94,352
26.4
12
$7,863
2006
481
$338,625
$71,233
21
12
$5,936
2005
550
$516,783
$73,720
14.3
8
$9,215
2004
550
$1,281,777
$105,973
8.3
8
$13,247
2003
550
$3,850,024
$84,208
2.2
8
$10,526
2002
550
$410,004
$81,025
19.8
8
$10,128
2001
550
$489,332
$70,445
14.4
8
$8,806

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

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