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Illinois Valley Times

Saturday, November 16, 2024

$35,214 in County Sales Tax collected in May for Bureau County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Bureau County taxpayers paid $35,214 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $32,143.

Over the past 12 months, Bureau County's residents have collectively paid a total of $468,460 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$35,2149.6
April$32,1431.2
March$31,747-10.6
February$35,514-9.9
January$39,429-22.4
December 2023$50,785-15
November 2023$59,71640.7
October 2023$42,44911.7
September 2023$38,0186.6
August 2023$35,67116.4
July 2023$30,655-17.4
June 2023$37,11912.3

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