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West Central Reporter

Saturday, November 23, 2024

Hancock County taxpayers give $34,688 in Countywide Sales Tax in January

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Hancock County taxpayers paid $34,688 in Countywide Sales Tax in January, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Countywide Sales Tax collection stood at $31,373.

Over the past 12 months, Hancock County's residents have collectively paid a total of $381,202 in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments use.

Despite fluctuations in tax collection, Illinois continues to be one of the highest-taxed states in the U.S. According to a Wallet Hub study from March 2023, the state ranked as having the highest tax burden, approximately 39.83% above the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

Countywide Sales Tax Collected in Hancock County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$34,68810.6
December 2022$31,373-8
November 2022$34,095-2
October 2022$34,7906.4
September 2022$32,7001.7
August 2022$32,140-7.9
July 2022$34,9104.4
June 2022$33,44011.3
May 2022$30,058-4.1
April 2022$31,34429.5
March 2022$24,196-11.9
February 2022$27,468-19.2

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