Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $30,165.
Over the past 12 months, Hancock County's residents have collectively paid a total of $380,435 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 | $26,947 | -10.7 |
| June | $30,165 | 0.4 |
| May | $30,040 | -4.9 |
| April | $31,575 | 23.5 |
| March | $25,576 | -20 |
| February | $31,989 | -12.9 |
| January | $36,706 | 1.7 |
| December 2022 | $36,098 | -13.9 |
| November 2022 | $41,943 | 14.4 |
| October 2022 | $36,653 | 36.7 |
| September 2022 | $26,810 | 3.4 |
| August 2022 | $25,933 | -21.5 |
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