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Illinois Valley Times

Monday, December 23, 2024

Bureau County residents pay $205,057 in Special County Retailers Occupation Tax in March

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Bureau County taxpayers paid $205,057 in Special County Retailers Occupation Tax in March, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $217,377.

Over the past 12 months, Bureau County's residents have collectively paid a total of $3.2 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 Bureau County Over Last 12 months
MonthAmount Collected% Change from Previous Month
March$205,057-5.7
February$217,377-28.2
January$302,9352.7
December 2022$294,932-5.8
November 2022$313,23918.6
October 2022$264,0956.2
September 2022$248,609-2.8
August 2022$255,838-11.2
July 2022$288,101-1.1
June 2022$291,25421.5
May 2022$239,6660.2
April 2022$239,12125

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