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Saturday, November 23, 2024

McDonough County residents pay $178,460 in Special County Retailers Occupation Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McDonough County taxpayers paid $178,460 in Special County Retailers Occupation Tax in May, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $179,055.

Over the past 12 months, McDonough County's residents have collectively paid a total of $2.1 million in Special County Retailers Occupation Tax.

The Special County Retailers Occupation 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.

Special County Retailers Occupation Tax Collected in McDonough County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$178,460-0.3
April$179,05511.1
March$161,0984.1
February$154,690-20.3
January$194,1282.1
December 2022$190,1232.1
November 2022$186,159-1.4
October 2022$188,7525.8
September 2022$178,47611.2
August 2022$160,528-9.9
July 2022$178,111-5.9
June 2022$189,34111.5

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