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Monday, July 7, 2025

The price of local government: Village of Loami

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The Village of Loami budget was $650,475.42 for its 2015 fiscal year, or $1,896.43 per household.

That's a decrease of 3.3 percent from 2014, when the village spent $672,590, or $1,960.90 per household.

Loami has 343 households and a population of 891.

Since 2001, the Village of Loami budget has grown by 18.1 percent, from $550,631.77. The village population has grown 11 percent over the same period, from 803.

Salaries accounted for 29.8 percent of village spending in 2015. Loami property taxpayers paid $193,875.48 for two full-time employees and 10 part-time employees.

In 2001, the village had one full-time employee and 21 part-time employees, and spent $149,483.44.

Year
Population
Budget
Salaries
Salary %
# Employees
$$ Per Employee
2015
891
$650,475.42
$193,875.48
29.8
12
$16,156.29
2014
890
$672,590
$205,461.31
30.5
12
$17,121.77
2013
885
$621,049.52
$180,450.40
29.1
12
$15,037.53
2012
885
$899,969.68
$184,489.82
20.5
12
$15,374.15
2011
884
$934,200
$174,925.44
18.7
12
$14,577.11
2010
810
$658,841.61
$185,114.70
28.1
21
$8,814.98
2009
810
$745,751.41
$175,962.47
23.6
21
$8,379.16
2008
804
$562,038.27
$164,153.97
29.2
21
$7,816.85
2007
804
$674,944.92
$175,195.80
26
22
$7,963.44
2006
727
$594,529.20
$168,052.80
28.3
12
$14,004.39
2005
727
$893,199.28
$185,096.04
20.7
13
$14,238.15
2004
727
$243,670.68
$173,190.24
71.1
13
$13,322.32
2003
727
$455,682.48
$185,724
40.8
13
$14,286.46
2002
803
$256,871.25
$183,196.35
71.3
22
$8,327.10
2001
803
$550,631.77
$149,483.44
27.1
22
$6,794.70

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

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