Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $181,300.
Over the past 12 months, Madison County's residents have collectively paid a total of $2 million 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 |
---|---|---|
January | $203,672 | 12.3 |
December 2022 | $181,300 | 10.7 |
November 2022 | $163,709 | -5.7 |
October 2022 | $173,586 | 5.7 |
September 2022 | $164,299 | 3.7 |
August 2022 | $158,444 | -10.9 |
July 2022 | $177,910 | -2.8 |
June 2022 | $182,984 | -1.7 |
May 2022 | $186,081 | 4.5 |
April 2022 | $178,037 | 48.5 |
March 2022 | $119,898 | -16.5 |
February 2022 | $143,529 | -23.6 |
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