Thursday, January 4, 2018

No Interest?

Win Ben Stein's Money
Now that Lake County has money to burn, is it that perfect time to bet it all on bitcoin?

According to the Daily Herald ...
Lake County homeowners have already paid at least $60 million of the property taxes due this year. But that money won't be distributed to the local taxing bodies for roughly five months. In the past, Lake County Treasurer David Stolman kept the interest accrued on prepaid taxes for the county. But the interest typically has been a few hundred dollars. This year, with the rush to take advantage of property tax deductions before new federal limits go into effect, the interest could add up to hundreds of thousands of dollars.
Who gets the interest from the property taxes you paid early?
Following the passage of the new GOP Tax Bill, a crush of taxpayers swamped the Lake County Treasurer's Office to pay their property tax bills before the start of 2018. And in the middle of what has to be the big financial story of the year, where is Lake County Treasurer David Stolman (Republican)? As far as your LakeCountyEye can tell, nowhere to be seen.

Along with the story above, two other print stories covered tax-cataclysm-2017 this week. Did David Stolman talk to any of these newspapers? Nope. In each instance a reporter had to make do with getting answers from some Treasury Office functionary.

Stolman, who is up for re-election in November, has been on the Lake County ballot in some capacity or other for 25 years. Now your LakeCountyEye has seen how elected officials sometimes can grow complacent.  They come to believe they are entitled to their elected office, take their voters for granted, and just phone it in.  But, Note to Ops: Your LakeCountyEye is duly impressed.  David Stolman is not even phoning it in.

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