County Commissioners Passed Balanced Budget

The Lake County Commissioners unanimously passed a balanced county budget for 2022 at the March 17, meeting. 

The Commissioners, under the direction of Finance Director Michael Matas, worked diligently with the elected officials and department heads to successfully create balanced and sustainable budgets for the inside and outside general funds. 

“I would like to personally thank Finance Director Matas and his staff for preparing a fiscally conservative budget that continues to meet the increased demands and services that our local businesses and residents expect in Lake County,” said Commission President John R. Hamercheck.

The County General Fund is the chief operating fund of the County and accounts for the financial resources required to administer daily operations with exception of those funds required by the Ohio Revised Code to be recorded in other accounts.  The 2022 General Fund revenue is projected to be $61,237,875 representing a 7.7% increase from the 2021 budget.  The estimated revenues are attributed primarily to a stronger local economy, which is resulting in a projected increase in sales tax and conveyance fees due to the real estate market. Please click here to view the entire news release.