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 $28,607.
Over the past 12 months, Hancock County's residents have collectively paid a total of $418,228 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 |
|---|---|---|
| August | $26,649 | -6.8 |
| July | $28,607 | -13.5 |
| June | $33,060 | 6.9 |
| May | $30,937 | -7.1 |
| April | $33,285 | -6.9 |
| March | $35,735 | 9.5 |
| February | $32,629 | -23.8 |
| January | $42,819 | 25.3 |
| December 2023 | $34,163 | -25.6 |
| November 2023 | $45,912 | 3.9 |
| October 2023 | $44,192 | 46.1 |
| September 2023 | $30,240 | 22.5 |
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