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Sunday, November 24, 2024

Madison County collects $983,655 in Countywide Sales Tax in January

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Madison County taxpayers paid $983,655 in Countywide Sales Tax in January, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where Countywide Sales Tax collection stood at $947,412.

Over the past 12 months, Madison County's residents have collectively paid a total of $10.9 million in Countywide Sales Tax.

The Countywide Sales 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.

Countywide Sales Tax Collected in Madison County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$983,6553.8
December 2022$947,4123.2
November 2022$917,6022.9
October 2022$891,797-1.7
September 2022$907,443-0.5
August 2022$912,001-6
July 2022$969,9201.4
June 2022$956,2190.2
May 2022$954,5562
April 2022$935,67633.6
March 2022$700,245-10.3
February 2022$781,085-18.3

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