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 Flood Protection Tax collection stood at $776,488.
Over the past 12 months, Madison County's residents have collectively paid a total of $8.8 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| July | $811,380 | 4.5 |
| June | $776,488 | 6.3 |
| May | $730,157 | 1.5 |
| April | $719,390 | 15.7 |
| March | $621,629 | -4.4 |
| February | $649,982 | -19.1 |
| January | $803,763 | 3.7 |
| December 2022 | $774,797 | 5.5 |
| November 2022 | $734,672 | 2.8 |
| October 2022 | $714,836 | 0.5 |
| September 2022 | $710,926 | -2.2 |
| August 2022 | $726,988 | -6.3 |
ORGANIZATIONS IN THIS STORY
!RECEIVE ALERTS
DONATE
Alerts Sign-up