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West Central Reporter

Saturday, November 23, 2024

$19,251 in County Sales Tax collected in May for McDonough County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McDonough County taxpayers paid $19,251 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $23,281.

Over the past 12 months, McDonough County's residents have collectively paid a total of $228,209 in County Sales Tax.

The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.

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.

County Sales Tax Collected in McDonough County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$19,251-17.3
April$23,28154.3
March$15,090-19.1
February$18,653-17.3
January$22,56613.8
December 2022$19,8308.7
November 2022$18,242-19.1
October 2022$22,56223.1
September 2022$18,32511.7
August 2022$16,412-7.3
July 2022$17,6968.6
June 2022$16,301-12.2

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