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Monday, December 23, 2024

Madison County taxpayers give $660,088 in County Flood Protection Tax in March

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Madison County taxpayers paid $660,088 in County Flood Protection Tax in March, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Flood Protection Tax collection stood at $690,720.

Over the past 12 months, Madison County's residents have collectively paid a total of $8.9 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
March$660,088-4.4
February$690,720-18.5
January$847,87112.4
December 2023$754,3092.5
November 2023$735,6212
October 2023$721,493-3.6
September 2023$748,1441.8
August 2023$735,008-9.4
July 2023$811,3804.5
June 2023$776,4886.3
May 2023$730,1571.5
April 2023$719,39015.7

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