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Sunday, April 28, 2024

Madison County residents pay $8.6 million in County Flood Protection Tax in 2022

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Madison County taxpayers paid $8.6 million in County Flood Protection Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where County Flood Protection Tax collection stood at $7.9 million.

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 4 Years
YearAmount Collected% Change from Previous Year
2022$8,601,4549
2021$7,892,73823.5
2020$6,391,99813.2
2019$5,645,384-9.2

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