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Illinois Valley Times

Saturday, April 27, 2024

Bureau County residents pay $255,326 in Special County Retailers Occupation Tax in October

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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 $255,326 in Special County Retailers Occupation Tax in October, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $262,311.

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
October$255,326-2.7
September$262,3115.2
August$249,422-6.2
July$265,896-6.8
June$285,38412.5
May$253,575-0.2
April$254,18624
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

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