Village government · Lake County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Lake Zurich took in $48.2 million and spent $42.2 million.

Latest recorded year: ended April 30, 2022Comes fromGoes to

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Where it comes from

Village taxes30%State tax money29%Fees for services (water, sewer)22%County and local tax money16%Fines and other3.8%

What stands out

16%

of Lake Zurich's money comes from county and other local tax money.A typical U.S. city of 10,000 to 50,000 people gets 0.8%.

Village taxes30%

Property tax
23%$11.2 million
Other taxes
6.5%$3.1 million
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$2.1 million
  • Other licenses$917 thousand
  • Other selective sales taxes$172 thousand

Amounts are by Census tax category.

Fees for services22%

Fees for services
22%$10.5 million
What's in fees for servicesOther service charges; water and 2 more
  • Other service charges$4.8 million
  • Water$3.6 million
  • Sewer$1.0 million
  • Parks and recreation$1.0 million

Amounts are by Census type of charge.

State tax money29%

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

From the state
29%$13.9 million

County and local tax money16%

Money passed on by the county or other local governments.

From the county and other local governments
16%$7.7 million

Fines and other3.8%

Interest, rents and other
2.9%$1.4 million
Fines
0.8%$398 thousand

Where it goes

Police, fire, courts and jails49%Roads, transit and parking18%Running the government and other costs13%Water, sewer, trash and utilities10%Interest on debt6.7%All other spending3.0%

What stands out

49%

of Lake Zurich's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
49%$20.8 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$12.8 million
  • Police$8.0 million
Roads, transit and parking
18%$7.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$7.5 million
Running the government and other costs
13%$5.4 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$3.7 million
  • Central staff services (personnel, purchasing, technology)$1.2 million
  • Finance, tax collection and budgeting$518 thousand
  • Government buildings$68 thousand
Water, sewer, trash and utilities
10%$4.4 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$2.9 million
  • Garbage and solid waste$1.5 million
Interest on debt
6.7%$2.8 million
Parks, recreation and libraries
2.7%$1.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.2 million
Housing and community development
0.2%$103 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lake Zurich. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Lake Zurich 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.