Title
Resolution accepting and placing on file an estimate of the annual aggregate tax levy in the amount of $191,311,274 and providing for the apportionment of estimated taxes across the various items for the Fiscal Year (FY) 2027 Appropriation Ordinance as will be adopted by the County Board.
Staff Summary
State Statute requires an estimate of the property tax levy to be determined in September of each year for the following tax year.
This resolution establishes the total estimated tax levy and identifies the estimated amount of tax dollars allocated to each of the County-wide property tax funds. However, the FY 2027 Budget is still being developed and the amounts in each type of levy category will change as necessary to meet both County policy and balancing needs in each fund.
This action sets an estimated amount. The final levy will be prepared and submitted for County Board approval at the same time as the FY 2027 Budget at the November 10, 2026, Board meeting. The levy approved in November can be different than this estimate.
This estimate includes the full amount of the request from the Veterans Assistance Commission, an amount the County must levy.
The FY 2027 Budget Planning Guidance Policy passed by the County Board on May 12, 2026, provides a recommended budget that is balanced with a tax levy that includes growth from new property and the full allowable CPI (2.7%).
The estimated Tax Year 2026 (FY 2027) tax levy is $191,311,274, which is $5,782,258 higher than the Tax Year 2025 (FY 2026) extension.
Body
RESOLUTION
WHEREAS, the County Administrator of Lake County is preparing and will submit to the Lake County Board the Fiscal Year (FY) 2027 Lake County Budget, in accordance with 55 ILCS 5/2-5009; and
WHEREAS, the County Board is required to adopt an annual budget in accordance with 55 ILCS 5/6-1001; and
WHEREAS, it is necessary at this time in the budget process to determine an estimate of the Annual Aggregate Levy to be levied upon the real ...
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