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State budget pressure shrinks severance-tax funding Lake County relies on, DOLA official says
Summary
A Department of Local Affairs official told Lake County leaders that severance-tax and related extractive-industry funds that pay for local infrastructure have been drawn down by the state budget, leaving reserves vulnerable and making upcoming grant rounds likely smaller.
A Department of Local Affairs representative told Lake County commissioners and staff that state budget actions and volatile industry payments have reduced the pool of severance-tax and Energy Impact Assistance Fund (EIAF) money that the department normally allocates to local governments.
The DOLA representative said the department’s “bread-and-butter” programs—EIAF, severance-tax distributions and federal mineral lease funds—are used to invest in local infrastructure such as wastewater treatment and other capital projects. “A lot of the money goes directly to local governments,” the representative said.
Why it matters: Lake County has several active projects now that rely on those funds, and the department said its reserves are more exposed after recent budget sweeps. The…
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