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Saturday, November 23, 2024

McDonough County residents pay $179,025 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 $179,025 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 $181,306.

Over the past 12 months, McDonough County's residents have collectively paid a total of $2.2 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$179,025-1.3
April$181,30611.6
March$162,451-5.7
February$172,342-14.7
January$201,96210.3
December 2023$183,025-2.1
November 2023$187,006-2.9
October 2023$192,5982.8
September 2023$187,32810.5
August 2023$169,596-5.6
July 2023$179,684-4.1
June 2023$187,4455

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