The Lake County Board approved a balanced Fiscal Year (FY) 2022 Budget at its Nov. 9 meeting. The $602.8 million budget reflects the recovery of revenues back to pre-pandemic levels, and the budget reflects the County’s long-standing approach to adopting a fiscally responsible budget.
The Board chose to increase the levy to account for new property growth - that is growth for properties that have been developed in the last year - in Lake County in this year’s budget, but did not increase the levy up to the amount of the allowable federal Consumer Price Index. Individual tax bills may vary depending on how a property’s assessed value has changed and depending on the actions of other local government taxing bodies, but the Lake County portion of the tax bill for the average homeowner is expected to be flat or go down slightly. Read the full news release.