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Illinois Valley Times

Sunday, November 24, 2024

Putnam County residents pay $35,616 in Countywide Sales Tax in May

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Putnam County taxpayers paid $35,616 in Countywide Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $43,992.

Over the past 12 months, Putnam County's residents have collectively paid a total of $548,919 in Countywide Sales Tax.

The Countywide Sales 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.

Countywide Sales Tax Collected in Putnam County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$35,616-19
April$43,9924.7
March$42,027-10.9
February$47,1559.1
January$43,203-9.6
December 2022$47,776-10.5
November 2022$53,37116.6
October 2022$45,769-2.3
September 2022$46,82415.8
August 2022$40,440-22.8
July 2022$52,3744
June 2022$50,3727.7

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