Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a noticeable increase from the previous month, where County Sales Tax collection stood at $9,467.
Over the past 12 months, Putnam County's residents have collectively paid a total of $122,947 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| June | $9,882 | 4.4 |
| May | $9,467 | 1.6 |
| April | $9,319 | 23 |
| March | $7,576 | -20.1 |
| February | $9,476 | -13.2 |
| January | $10,912 | -10.9 |
| December 2023 | $12,249 | -9.3 |
| November 2023 | $13,502 | -15.9 |
| October 2023 | $16,051 | 175.2 |
| September 2023 | $5,833 | -32.2 |
| August 2023 | $8,598 | -14.7 |
| July 2023 | $10,082 | -10.1 |
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