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Saturday, April 27, 2024

$928,535 in Countywide Sales Tax collected in October for Madison County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Madison County taxpayers paid $928,535 in Countywide Sales Tax in October, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Countywide Sales Tax collection stood at $945,451.

Over the past 12 months, Madison County's residents have collectively paid a total of $11.1 million in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments 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.

Countywide Sales Tax Collected in Madison County Over Last 12 months
MonthAmount Collected% Change from Previous Month
October$928,535-1.8
September$945,4511.4
August$932,652-9.1
July$1,025,9505.8
June$969,5086.9
May$906,914-4.5
April$950,05519.8
March$792,788-3.7
February$823,362-16.3
January$983,6553.8
December 2022$947,4123.2
November 2022$917,6022.9

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