County government · Lake County, CO

Lake County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Lake County took in $31.1 million and spent $80 thousand.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

County taxes62%Federal tax money13%Fees for services (airport, parks and recreation)10%Fines and other8.7%State tax money5.9%

What stands out

18%

of Lake County's money comes from sales tax.A typical U.S. county of under 50,000 people gets 1.6%.

County taxes62%

Property tax
42%$13.1 million
Sales tax
18%$5.7 million
Other taxes
2.1%$639 thousand
What's in other taxesOther selective sales taxes
  • Other selective sales taxes$639 thousand

Amounts are by Census tax category.

Fees for services10%

Fees for services
10%$3.3 million
What's in fees for servicesOther service charges; airport and 3 more
  • Other service charges$2.4 million
  • Airport$642 thousand
  • Parks and recreation$120 thousand
  • Housing$65 thousand
  • Garbage collection$33 thousand

Amounts are by Census type of charge.

Federal tax money13%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
13%$3.9 million

State tax money5.9%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
5.9%$1.8 million

Fines and other8.7%

Interest, rents and other
8.7%$2.7 million

Where it goes

The Census record for this side looks incomplete, so these figures may be lower than the government's own totals.

Interest on debt85%Running the government and other costs15%

Spending by category100%

Interest on debt
85%$68 thousand
Running the government and other costs
15%$12 thousand
What's in running the government and other costsOther and not broken out
  • Other and not broken out$12 thousand
Sources and moreWhere these numbers come from and what they cover

Lake County. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Lake County itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.