Quantcast

Illinois Valley Times

Sunday, November 24, 2024

$33,058 in County Sales Tax collected in May for Bureau County

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Bureau County taxpayers paid $33,058 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $38,258.

Over the past 12 months, Bureau County's residents have collectively paid a total of $527,363 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.

County Sales Tax Collected in Bureau County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$33,058-13.6
April$38,25831.8
March$29,020-39.6
February$48,030-19.2
January$59,45413.8
December 2022$52,227-30.5
November 2022$75,14084.6
October 2022$40,70021.2
September 2022$33,586-7.4
August 2022$36,286-7.9
July 2022$39,413-6.6
June 2022$42,19137.8

MORE NEWS