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Sunday, November 24, 2024

Madison County residents pay $803,763 in County Flood Protection 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 $803,763 in County Flood Protection Tax in January, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where County Flood Protection Tax collection stood at $774,797.

Over the past 12 months, Madison County's residents have collectively paid a total of $8.6 million in County Flood Protection Tax.

The County Flood Protection Tax, a crucial revenue stream, is primarily allocated for other taxing jurisdictions 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.

County Flood Protection Tax Collected in Madison County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$803,7633.7
December 2022$774,7975.5
November 2022$734,6722.8
October 2022$714,8360.5
September 2022$710,926-2.2
August 2022$726,988-6.3
July 2022$776,1162
June 2022$760,8062
May 2022$746,1823.2
April 2022$722,87731.4
March 2022$549,944-7.1
February 2022$591,701-25.3

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