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Monday, November 25, 2024

$586,577 in Business District Tax collected in 2020 for Wood River

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Wood River taxpayers paid $586,577 in Business District Tax in 2020, according to Illinois tax records.

This is an increase over the year before when $540,473 was collected.

The Business District Tax is collected for other taxing jurisdictions use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than 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.

Business District Tax collected in Wood River in recent years
YearAmount Collected% Change from Previous Year
2020$586,5778.5
2019$540,473-7.5

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