HOW IS A LAKE DISTRICT FINANCED?
Property owners living within the boundaries of a lake district are required by law to pay the fees. The amount of those fees is voted on by the members at the annual meeting. This fee is usually a part of your property tax bill and may come in the form of a mill levy (it can be no more than 2.5 mill and is often much less (some districts have no fees of any sort), a special assessment, or user charge. Borrowing or grant programs can also be used to raise money if approved at the annual meeting.
