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 year, where County Flood Protection Tax collection stood at $6.9 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.
| Year | Amount Collected | % Change from Previous Year |
|---|---|---|
| 2022 | $7,476,830 | 9.1 |
| 2021 | $6,851,340 | 32.6 |
| 2020 | $5,168,242 | 2.4 |
| 2019 | $5,047,572 | -9.3 |
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