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West Central Reporter

Friday, November 22, 2024

Analysis: Sales tax funded 16 percent of City of Quincy budget in 2016

Money 05

The City of Quincy's local sales tax brought in $10,666,255 in 2016, according to Illinois State Comptroller revenue data. Quincy, population 40,633, relied on its local sales tax to contribute 16 percent of total revenue that year.

Quincy levies a 1.5 percent sales tax. The average of one suburbs in Adams County is 1.5. The high is 1.5 percent; the low is 1.5 percent.

West Central Reporter analyzed the sales tax collections in one Adams County suburbs and found they generated a total of $10,666,255 in tax revenue in 2016. That was the equivalent of 16% spent by local government.

Below is a list of Adams County municipalities' local tax revenue.

Municipality
Population
Local sales tax rate
2016 revenue from sales tax
Percent of total revenue
City of Quincy
40,633
1.5%
$10,666,255
16%

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