Funding and Revenue
The program is fi scally constrained by revenue expected to be available
Fund Sources for the 5 Year Highway Improvement Program
and thus sets out a proposed spending plan for the next fi ve years.
Bonds Carryforward
$5,957,900
1%
Current Tax Sources
State
Municipal
Township
Developer
15%
Lake County has access to fi ve local funds dedicated to or available for
highway purposes:
•
County Highway Tax
•
County Bridge Tax (counties under 1 million population)
•
Matching Tax (counties under 1 million population)
•
Motor Fuel Tax
•
¼% Sales Tax for Transportation
Other Funds
Federal
$86,952,700
Other
$8,808,100
Sales Tax
$307,611,283
2%
53%
Matching Tax
$56,986,778
10%
Motor Fuel Tax
$81,841,584
County Bridge Tax
$30,010,872
The County Highway Tax fund is primarily used for the operation of the
5%
14%
2018-2023 Program Total:
$578 million
Source: 2018-2023 Highway Improvement Program, CPMS v.5a
Division of Transportation (e.g. labor costs for snow plowing), while
the other four funds are primarily used for funding maintenance and
construction projects on the county highway system and, if desired, the
state highway system, with some minor exceptions. All expenditures in
Fund Sources: 2019 Program Year
Other
$2,095,600 Matching Tax
$8,285,304
the construction funds (County Bridge Tax, Match Tax, Motor Fuel Tax
2% 9%
and Transportation Sales Tax), whether for engineering (preliminary,
design, construction), right-of-way acquisition, or actual construc-
tion are included. The planned $100 million bond issuance in 2011, as
Federal
$24,611,600 Motor Fuel Tax
$11,395,205
27% 13%
County Bridge Tax
$3,948,239
contained in the Plan for Using the New Collar County Transportation
4%
Empowerment Funds, has been restructured into three issuances, for a
total of approximately $81 million.
Federal Funding
Lake County is very aggressive in pursuing federal sources of transpor-
28
• 2018 - 2023 Proposed Highway Improvement Program
Sales Tax
$40,918,688
45%
2019 Program Total:
$91 million
Source: 2018-2023 Highway Improvement Program, CPMS v.5a