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Friday, April 19, 2024

The price of local government in 2017: Village of Inverness

Budget 12

The Village of Inverness budget was $3.94 million for its 2017 fiscal year, or $1,455 per household.

That's a decrease of 0.6 percent from 2016, when the village spent $3.96 million, or $1,463 per household.

Inverness has 2,709 households and a population of 7,541.

Since 2001, the Village of Inverness budget has fallen by 43.3 percent, from $6.95 million. The village population has grown 11.7 percent over the same period, from 6,749.

Salaries accounted for 34.8 percent of village spending in 2017. Inverness property taxpayers paid $1.37 million for 18 full-time employees and 11 part-time employees.

In 2001, the village had four full-time employees and one part-time employee, and spent $351,954.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2017
7,541
$3,941,938
$1,369,914
34.8
29
$47,238
2016
7,399
$3,964,249
$1,410,524
35.6
29
$48,639
2015
7,549
$4,008,152
$1,415,549
35.3
22
$64,343
2014
7,549
$4,847,380
$1,445,487
29.8
21
$68,833
2013
7,399
$6,314,760
$1,428,529
22.6
21
$68,025
2012
7,399
$8,928,190
$1,368,051
15.3
21
$65,145
2011
7,399
$8,913,440
$1,366,672
15.3
22
$62,121
2010
7,500
$12,046,380
$1,315,893
10.9
22
$59,813
2009
7,500
$7,345,260
$494,119
6.7
16
$30,882
2008
6,800
$6,677,190
$403,238
6
6
$67,206
2007
6,800
$5,100,454
$411,879
8.1
6
$68,647
2006
6,800
$5,015,125
$396,245
7.9
6
$66,041
2005
6,800
$5,986,500
$385,688
6.4
6
$64,281
2004
6,749
$6,385,770
$381,493
6
6
$63,582
2003
6,749
$7,175,496
$376,384
5.2
5
$75,277
2002
6,749
$6,386,100
$346,997
5.4
5
$69,399
2001
6,749
$6,952,888
$351,954
5.1
5
$70,391

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

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