10 Budget Takeaways
We have a balanced budget at $502 Million.
We have AAA bond rating – the highest rating possible.
The number of employees is down 12% from eight
years ago.
Only 1.4% of the budget goes to debt service.
We plan ahead and use cash for big capital projects
which saves us millions of dollars in interest payments.
We maintain strong reserves for emergencies and to protect
the County from unexpected economic changes.
We’re saving money through shared service agreements
such as building inspections and sheriff’s patrol services.
We are using data-driven decision making to ensure we are
spending wisely and identifying and implementing
efficiency measures.
The County gets revenue from many sources including: sales tax, income tax and property tax.
Lake County gets only 7% of your property tax payment. The rest goes to other taxing bodies with
schools getting the biggest piece (68%).
Want to learn more? Check out our interactive, easy to understand budget summary, click
on our transparency tabs and watch our videos at www.lakecountyil.gov.
Avoid Traffic by Doing These Simple Steps
1. Go to lakecountypassage.com.
2. Sign up for customized email alerts.
3. Get current, local traffic alerts sent to your inbox.
4. Find out about an incident and take a different route.
5. Save time and headaches.
iPhone and Android users can also download PASSAGE apps.
Want to find out what construction
projects are going on in the county?
Visit lakecountyil.gov/transportation.