That's a decrease of 12.5 percent from 2016, when the village spent $282,515, or $2,335 per household.
Panama has 121 households and a population of 343.
Since 2001, the Village of Panama budget has grown by 3.4 percent, from $239,014. The village population has grown 0.9 percent over the same period, from 340.
Salaries accounted for 4.5 percent of village spending in 2017. Panama property taxpayers paid $11,179 for 13 part-time employees, or an average of $860 each, before their health care benefits and taxpayer-funded pension contributions.
In 2001, the village had 15 part-time employees and spent $41,203, or $2,747 each.
All values in this story are inflation-adjusted real values.