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West Central Reporter

Friday, November 22, 2024

McDonough County residents pay $75,075 in Countywide Sales Tax in July

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

McDonough County taxpayers paid $75,075 in Countywide Sales Tax in July, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Countywide Sales Tax collection stood at $78,855.

Over the past 12 months, McDonough County's residents have collectively paid a total of $872,424 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 McDonough County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$75,075-4.8
June$78,85511.6
May$70,663-6.6
April$75,63617.1
March$64,573-3.3
February$66,763-13.7
January$77,3360
December 2022$77,3345.1
November 2022$73,613-1
October 2022$74,3723.6
September 2022$71,7638
August 2022$66,441-8.8

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