Lake County has once again received the “Distinguished Budget Presentation Award” from the Government Finance Officers Association (GFOA), a national organization dedicated to advancing excellence in government finance. Read on...
A second round of outdoor air monitoring for ethylene oxide (EtO) began the week of Oct. 21 near Vantage Specialty Chemicals in Gurnee and Medline Industries in Waukegan. Read on...
Local officials recently gathered to celebrate the opening of the US Route 45 Millburn Bypass in north-central Lake County. Read on...
Lake County Board Approves Balanced Budget With No Increase in Tax Levy
At its Nov. 12 meeting, the Lake County Board unanimously approved a $573.2 million balanced budget for Fiscal Year (FY) 2020. Under the budget, Lake County's tax levy will be flat, which means that there will be no increase in the dollar amount between the FY2020 property tax levy and the FY2019 property tax levy. As a result, homeowners will see a slight reduction next year in the Lake County government portion of their property tax bill. This is the first time in at least 20 years that the County has had a flat tax levy.
Under Illinois law, the Board could have chosen to raise the 2019 levy of $162.6 million to account for new property growth in Lake County, and to increase the levy up to the amount of the federal Consumer Price Index, but it chose to do neither in order to ease the burden on Lake County property owners.