Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $17,098.
Over the past 12 months, McDonough County's residents have collectively paid a total of $231,674 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| July | $20,364 | 19.1 |
| June | $17,098 | -11.2 |
| May | $19,251 | -17.3 |
| April | $23,281 | 54.3 |
| March | $15,090 | -19.1 |
| February | $18,653 | -17.3 |
| January | $22,566 | 13.8 |
| December 2022 | $19,830 | 8.7 |
| November 2022 | $18,242 | -19.1 |
| October 2022 | $22,562 | 23.1 |
| September 2022 | $18,325 | 11.7 |
| August 2022 | $16,412 | -7.3 |
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