Quantcast

Sangamon Sun

Saturday, April 27, 2024

Sangamon County collects $8.6 million in Countywide Sales Tax in 2022

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Sangamon County taxpayers paid $8.6 million in Countywide Sales Tax in 2022, according to Illinois tax records.

This figure marks a noticeable increase from the previous year, where Countywide Sales Tax collection stood at $8.2 million.

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 Sangamon County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$8,569,6574.4
2021$8,206,52625.2
2020$6,552,7674.3
2019$6,279,775-7.6

MORE NEWS