By Brian Massie, A Watchman on the Wall
We attended another quarterly investment review, and we must say that the investment portfolio of Lake County is VERY impressive.
Back in the “good ole days” of March 31, 2021 the County “only” had cash and investments of $359,324,723. Four years later the County has $587,770,972. That is an increase of $228,446,249 (63.6%) in four years. With the excellent investment strategy of Treasurer Mike Zuren the County is pulling in an extra $19 million a year. However, with Commissioner Rich Regovich and “The Third” at the helm, not a dime goes back to the taxpayers….not a dime…
We looked at the cash reserves of all the other tax authorities, schools, Deepwood, Crime Lab, Metroparks, and we asked the Commissioners, Metroparks and the schools to give back their latest increase due to the property revaluation, and we were told every entity needed the money.
They would not give the taxpayers a life preserver during these stressful times. The dirty little secret was that the taxing authorities did not have to accept the property taxes increases. However, to the government the Biblical commandment to love thy neighbor is merely a suggestion. They got theirs, and that is all they are concerned about. The government monarchy in Lake County has nothing on Marie Antoinette. “Let them eat cake” may be their slogan for their next campaign.
Categories: Community Activism, Lake County - General, Lake County Politics, Uncategorized