School district · Lake County, IL

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

In the latest recorded fiscal year (ended June 30, 2024), College of Lake County took in $185 million and spent $172 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

School district taxes46%State tax money30%Fees for services (college tuition, university housing and dining)19%County and local tax money2.7%Fines and other1.1%Federal tax money1.1%

What stands out

46%

of College of Lake County's money comes from property tax.A typical community or technical college district gets 15%.

School district taxes46%

Property tax
46%$85.5 million

Fees for services19%

Fees for services
19%$34.8 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$28.6 million
  • University housing and dining$6.1 million

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$2.0 million

State tax money30%

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

From the state
30%$55.2 million

County and local tax money2.7%

Money passed on by the county or other local governments.

From the county and other local governments
2.7%$5.0 million

Fines and other1.1%

Interest, rents and other
1.1%$2.1 million

Where it goes

Schools and colleges100%Interest on debt0.2%

Spending by category100%

Schools and colleges
100%$172 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$154 million
  • Scholarships and other education subsidies$10.7 million
  • College housing, dining and bookstores$6.9 million
Interest on debt
0.2%$282 thousand
Sources and moreWhere these numbers come from and what they cover

College of Lake County. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of College 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.